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Question 2 1. She purchased 1000 units of story books @ $2 each for cash 2. She sold 500 units of books at $10 each
Question 2 1. She purchased 1000 units of story books @ $2 each for cash 2. She sold 500 units of books at $10 each for cash 3. She bought 400 units of books for $3 each on account 4. She sold 600 units at $15 each for cash Calculate Gross profit based on 1. FIFO 2. Weighted average
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
