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Holliday Company's inventory records show the following data:Inventory on January 1 st 5 0 0 0 units at $ 9 unit cost, Purchase on June
Holliday Company's inventory records show the following data:Inventory on January st units at $ unit cost, Purchase on June units at $ unit cost and purchase on November th units at $ unit cost.
A physical inventory on December shows units on hand. Holliday sells the units for $ each. The
company has an effective tax rate of Holliday uses the periodic
inventory method.
The weightedaverage cost per unit is
If the company uses FIFO, what is the gross profit for the period?
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