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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 ie NOT $ NOT @$
Beginning Inventory Jan widgets @ $ each
Purchase Jan. widgets @ $ each
Sale Jan. widgets @ $ each
Assuming the company uses the FIFO flow assumption, if the units sell for $ each, what is the gross profit on the Jan. sale?
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