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Mariah uses a perpetual inventory system. The company's beginning inventory of a particular product and its purchases during the month of January were as follows:

Mariah uses a perpetual inventory system. The company's beginning inventory of a particular product and its purchases during the month of January were as follows: GIVE
ANSWERS FOR ALL NUMERIC COMPUTATIONS AS A SINGLE TOTAL DOLLAR AMOUNT WITHOUT USING $ SIGN i.e.60, NOT $60, NOT 5@$12
Beginning Inventory (Jan.1)16 widgets @ $11 each
Purchase Jan. 11,14 widgets @ $15 each
Sale Jan. 1425 widgets @ $27 each
Assuming the company uses the FIFO flow assumption, if the units sell for $27 each, what is the gross profit on the Jan. 14 sale?
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