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I NEED ASAP PLEASEEEEEEE Bramble Industries had the following inventory transactions occur during 2014: UnitsCost/unit 2/1/20 Purchase 57 $44 3/14/20 Purchase 98 $50 5/1/20 Purchase
I NEED ASAP PLEASEEEEEEE
Bramble Industries had the following inventory transactions occur during 2014:
UnitsCost/unit
2/1/20 Purchase 57 $44
3/14/20 Purchase 98 $50
5/1/20 Purchase 60. $50
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The company sold 150 units at $70 each and has a tax rate of 20%. Assuming that a periodic inventory system is used, what is the companys gross profit using FIFO? (rounded to whole dollars)
$7500
$3342
$3000
$7158
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