In 2015 the Williams company purchased 314,500 units from its supplier at a cost of $100.00 per
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Question:
In 2015 the Williams company purchased 314,500 units from its supplier at a cost of $100.00 per unit. Williams sold 323,200 units of its product in 2015 at a price of $125.00 per unit. Williams began 2015 with 31,600 units in inventory (inventory carried a cost of $100.00 per unit). compute Williams gross profit for 2015.
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