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Problem 4-16 Gross profit and ending inventory [LO4-2] Sprint Shoes Incorporated had a beginning inventory of 9,450 units on January 1, 20X1. The costs associated
Problem 4-16 Gross profit and ending inventory [LO4-2] Sprint Shoes Incorporated had a beginning inventory of 9,450 units on January 1, 20X1. The costs associated with the inventory were: Duting 201, the fitm produced 43,400 units with the following costs: Sales for the year were 47.430 units at $41,60 each. Sprint Shoes uses LFO accounting. a. What was the gross proft? Note: Do not round intermediote calculations
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