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Company A began the month of June with 120 units @ $30. On June 7, it purchased 80 units for $40 each. On June 17,

Company A began the month of June with 120 units @ $30. On June 7, it purchased 80 units for $40 each. On June 17, it purchased 100 units for $40 each. At the end of the month, company sold 270 units for $55 each. Use LIFO to determine gross profit.

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