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Blossom Company had the following inventory transactions occur during 2022 Units Cost/unit Feb. 1,2022 Purchase 127 $53 Mar. 14,2022 Purchase 219 $55 May 1, 2022
Blossom Company had the following inventory transactions occur during 2022 Units Cost/unit Feb. 1,2022 Purchase 127 $53 Mar. 14,2022 Purchase 219 $55 May 1, 2022 Purchase 156 $58 The company sold 361 units at $74 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? $20323 $7068 O $19646 $6391
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Fundamental financial accounting concepts
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
8th edition
978-007802536, 9780077648831, 0078025362, 77648838, 978-0078025365
