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Help me find the gross profit assuming TUV company uses weighted average cost flow method. Problem 7. TUV Company is a multiproduct firm and uses

Help me find the gross profit assuming TUV company uses weighted average cost flow method.

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Problem 7. TUV Company is a multiproduct firm and uses the periodic system. Presented below is information concerning one of its products, the Harris Punch. Date Transaction Quantity Price/Cost 1/1 Beginning Inventory 1.000 P15 2/4 Purchase 2,000 20 2/20 Sale 2,500 28 4/2 Purchase 3,000 24 11/4 Sale 2,200 35 Required: Compute the gross profit assuming TUV Company uses the weighted average cost flow method

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