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Concord Corporation sells one product, with information for July as follows: Concord uses the FIFO cost formula. All purchases and sales are on account. Ignore

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Concord Corporation sells one product, with information for July as follows: Concord uses the FIFO cost formula. All purchases and sales are on account. Ignore any estimated returns on purchases and sales Calculate gross profit using the perpetual system. Gross profit / (loss)

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