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Given the following data, what is the value of the gross profit as determined by the LIFO method Sales revenue 300 units at $15 per

Given the following data, what is the value of the gross profit as determined by the LIFO method

Sales revenue 300 units at $15 per unit

Purchases 240 units at $10 per unit

Beginning Inventory 120 units at $9 per unit

  1. $540
  2. $600
  3. $1560
  4. $2880

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