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Henri Company's inventory records show the following data: Units Unit Cost 10,000 $9.20 Inventory, January 1 Purchases: June 18 9,000 8.00 November 8 6,000 7.25
Henri Company's inventory records show the following data: Units Unit Cost 10,000 $9.20 Inventory, January 1 Purchases: June 18 9,000 8.00 November 8 6,000 7.25 A physical inventory on December 31 shows 3,000 units on hand. Henri sells the units for $12 each. The company has an effective tax rate of 20%. Henri uses the periodic inventory method. If the company uses FIFO, what is the gross profit for the period? (LO 2) Seleccione una: a. $84,700 O b. $81,400 c. $84,100 d. $78,250
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