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please I need answer ASAP! The Boxwood Company sells blankets for $39 each. The following was taken from the inventory records during May. The company
please I need answer ASAP!
The Boxwood Company sells blankets for $39 each. The following was taken from the inventory records during May. The company had no beginning inventory on May 1. Date Blankets Units Cost May 3 Purchase 31 $10 10 Sale 12 17 Purchase 23 $12 20 Sale 22 23 Sale 2 30 Purchase 35 $13 Assuming that the company uses the perpetual inventory system, determine the gross profit for the sale of May 23 using the FIFO inventory cost method. Oa $54 . $190 Oc. $24 Od. $226Step by Step Solution
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