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Required information [The following information applies to the questions displayed below.] During 2018, Noval Company sells 258 units of inventory for $100 each. The company
Required information [The following information applies to the questions displayed below.] During 2018, Noval Company sells 258 units of inventory for $100 each. The company has the following inventory purchase transactions for 2018. - To comply with IFRS, the company decides to instead account for inventory using FIFO. Calculate ending inventory, cost of goods old, and gross profit for 2018. (Input all values as positive values.) 1 Required information \begin{tabular}{|l|l|} \hline Sales revenue & \\ \hline Gross profit & \\ \hline \end{tabular}
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