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Holliday Company's inventory records show the following data: Units Unit Cost Inventory, January 1 1,000 $26 Purchases: June 18 1,000 15 Purchases: Oct., 25 1,000

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Holliday Company's inventory records show the following data: Units Unit Cost Inventory, January 1 1,000 $26 Purchases: June 18 1,000 15 Purchases: Oct., 25 1,000 10 Sale, Dec., 8 1,600 @ $30 If Holliday uses Periodic inventory method, and weighted average (W.Avg.) as a cost flow assumption, then: Ending Inventory is: $ Gross Profit is: $

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