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A physical inventory on December 31 shows 4200 units on hand. Sheffield sells the units for $11 each. The company has an effective tax rate

A physical inventory on December 31 shows 4200 units on hand. Sheffield sells the units for $11 each. The company has an effective tax rate of 18%. Sheffield uses the periodic inventory method. If the company uses FIFO, what is the gross profit for the period?

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