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On April 1, 2021 Smith, Inc. sells 40 units of its product to Allen Company, on account. The sales price per unit is $50. Smith's

On April 1, 2021 Smith, Inc. sells 40 units of its product to Allen Company, on account. The sales price per unit is $50. Smith's cost per unit is $18. Terms: Net 30. FOB Shipping Point. Shipping cost...

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