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method. On January 1, 2019, Timber Company's inventory records were as follows: depleted its inventory. Timber Company uses a periodic inventory system. Assume that Timber

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method. On January 1, 2019, Timber Company's inventory records were as follows: depleted its inventory. Timber Company uses a periodic inventory system. Assume that Timber Company makes no further purchases during 2019. Compute Timber Company's gross profit for 2019. Select one: A. $3,109,800 B. $3,741,000 C. $321,800 D. $1,456,200

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