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Exercise 8-10 (Part Level Submission) Inventory information for Part 311 of Coronado Corp. discloses the following information for the month of June. June 1 Balance

Exercise 8-10 (Part Level Submission) Inventory information for Part 311 of Coronado Corp. discloses the following information for the month of June. June 1 Balance 298 units @ $11 June 10 Sold 200 units @ $26 11 Purchased 802 units @ $13 15 Sold 497 units @ $27 20 Purchased 497 units @ $14 27 Sold 300 units @ $29 Assuming that the perpetual inventory method is used and costs are computed at the time of each withdrawal, what is the gross profit if the inventory is valued at FIFO? Gross Profit (FIFO)

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