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Loxwood Company sels blankets for $60 each. The following information was taken from the inventory records during May. The company had no beginn hg invertony

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Loxwood Company sels blankets for $60 each. The following information was taken from the inventory records during May. The company had no beginn hg invertony on May 1. Boxwood uses a perpetual inventory system. Determine the gross profit for the month of May using the Lfro costing method. (3)4. b. 1318 (6. 1441 d. 3013

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