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CALCULATOR MI Financial information is presented below: Operating Expenses Sales Returns and Allowances Sales Discounts Sales Revenue Cost of Goods Sold $ 92800 18000 12000 350000 176000 Gross profit would be $156000. $51200. $162000. $144000. CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK NE Multiple Choice Question 55 A company just starting in business purchased three merchandise inventory items at the following prices. First purchase $65; Second purchase $78; Third purchase $68. If the company sold two units for a total of $200 and used FIFO costing, the gross profit for the period would be $57 $54. $60 $67. Click if you would like to Show Work for this question: Open Show Work