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Mercury, Inc. using the weighted average inventory costing method. For the year, sales amounted to $ 2 7 5 , 0 0 0 . Mercury

Mercury, Inc. using the weighted average inventory costing method. For the year, sales amounted to $275,000. Mercury had 250 units available for sale and sold 220 units during the year. The average cost for each unit was $1,000. What is the gross profit for Mercury, Inc.?
$25,000
$55,000
$35,000
$0

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