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Romanoff Industries had the following inventory transactions occur during 2012: Units Cost/unit 2/1/10 Purchase 18 $45 3/14/10 Purchase 31 $47 5/1/10 Purchase 22 $49 The

Romanoff Industries had the following inventory transactions occur during 2012: Units Cost/unit 2/1/10 Purchase 18 $45 3/14/10 Purchase 31 $47 5/1/10 Purchase 22 $49 The company sold 50 units at $70 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, what is the company

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