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january 1: purchased 100 units at $10 per unit february 5: purchased 60 units at $12 per unit march 16: sold 40 units for $16
january 1: purchased 100 units at $10 per unit
february 5: purchased 60 units at $12 per unit
march 16: sold 40 units for $16 per unit
determine gross profit using the weighted average method and a perpetual inventory system.
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