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he Boxwood Company sells blankets for $31 each, The following was taken from the inventory records during Moy, The company had no beginning inventory on
he Boxwood Company sells blankets for $31 each, The following was taken from the inventory records during Moy, The company had no beginning inventory on May 1 Assuming that the company uses the perpetual inventory system, determine the gross profit for the sale of May 23 using the FIFO inventory cost method. a. 545 b. 5400 c. $110 d. 5466
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