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Given the following data, what is the value of the Gross Profit as determined by the LIFO method? (Show Your Work) Sales Revenue 300 units

Given the following data, what is the value of the Gross Profit as determined by the LIFO method?

(Show Your Work)

Sales Revenue 300 units at $15 per unit Beginning Inventory 120 units at $9 per unit
Purchases 240 units at $10 per unit

A) $2,880

B) $2,940

C) $1,620

D) $1,560

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