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Given the following data, what is the gross profit if cost of goods sold is determined using the FIFO costing method? Sales Revenue Beginning Inventory

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Given the following data, what is the gross profit if cost of goods sold is determined using the FIFO costing method? Sales Revenue Beginning Inventory 400 units at $40/unit 120 units at $24/unit 420 units at $26/unit Purchases $5,840 cannot be determined $2,200. $5,600

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