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answer fast Ace Industries had the following inventory transactions occur during 2025: The company sold 255 units at $126 each and has a tax rate

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Ace Industries had the following inventory transactions occur during 2025: The company sold 255 units at $126 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, what is the company's gross profit using FIFO? (rounded to the nearest dollar) $7,720 $8,480 $24,410 $23,650

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