{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-27T01:03:35-04:00", "answer_date": "2024-05-27 01:03:35", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1769065", "url": "\/study-help\/questions\/inventory-information-for-part-311-of-blue-corp-discloses-the-1769065", "question_creation_date_js": "2024-05-27T01:03:35-04:00", "question_creation_date": "May 27, 2024 01:03 AM", "meta_title": "[Solved] Inventory information for Part 311 of Blu | SolutionInn", "meta_description": "Answer of - Inventory information for Part 311 of Blue Corp. discloses the following information for the month of June. June 1 Bal | SolutionInn", "meta_keywords": "inventory,information,part,311,blue,corp,discloses,month,june,1,balance,301", "question_title_h1": " Inventory information for Part 311 of Blue Corp. discloses the following information for the month of June. June 1 Balance 301 units @ $17", "question_title": " Inventory information for Part 311 of Blue Corp. discloses the following", "question_title_for_js_snippet": "Inventory information for Part 311 of Blue Corp discloses the following information for the month of June June 1 Balance 301 units $17 June 10 Sold 195 units $40 11 20 Purchased Purchased 802 units $20 15 Sold 496 units $41 499 units $21 27 Sold 300 units $45 Assuming that the perpetual inventory method is used and costs are computed at the time of each withdrawal, what is the gross profit if the inventory is valued at FIFO Gross Profit (FIFO) $", "question_description": "\"image", "transcribed_text": "Inventory information for Part 311 of Blue Corp. discloses the following information for the month of June. June 1 Balance 301 units @ $17 June 10 Sold 195 units @ $40 11 20 Purchased Purchased 802 units @ $20 15 Sold 496 units @ $41 499 units @ $21 27 Sold 300 units @ $45 Assuming that the perpetual inventory method is used and costs are computed at the time of each withdrawal, what is the gross profit if the inventory is valued at FIFO? Gross Profit (FIFO) $", "related_book": { "title": "Advanced Accounting", "isbn": "978-0132568968, 9780132568968", "edition": "11th Edition", "authors": "Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/55.jpg", "uri": "\/textbooks\/advanced-accounting-11th-edition-9780132568968", "see_more_uri": "" }, "free_related_book": { "isbn": "1088270581", "uri": "\/textbooks\/the-chatgpt-millionaire-fast-wealth-creation-so-you-can-obliterate-your-debts-retire-early-and-embark-on-a-world-tour-faster-than-you-ever-imagined-1st-edition-978-1088270585-141097", "name": "The Chatgpt Millionaire Fast Wealth Creation So You Can Obliterate Your Debts Retire Early And Embark On A World Tour Faster Than You Ever Imagined", "edition": "1st Edition" }, "question_posted": "2024-05-27 01:03:35", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-21", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/calculus-with-applications\/suppose-that-the-fixed-cost-for-a-product-is-400", "description": "Suppose that the fixed cost for a product is $400 and the break-even quantity is 80. 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