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Boone Inc. sells computers. Assume Boone sells only one type of computer. Boone has in beginning inventory 10 computers that cost $300 each. Boone made

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Boone Inc. sells computers. Assume Boone sells only one type of computer. Boone has in beginning inventory 10 computers that cost $300 each. Boone made the following purchases during the year: February 10th, 20 computers for $350 per computer, September 8th, 15 computers for $280 per computer, and December 12th, 12 computers for $200 per computer. Boone sold 32 computers during the year. Boone uses the FIFO inventory method. Boone's net sales for the year is $20,000. What is Boone's gross profit? Select one: O a. $13,960 O b. $3,400 O c. $9,440 O d. $10,560

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