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Sales revenue 500 units at $55 per unit Beginning inventory 110 units at $23 per unit Purchases 500 units at $11 per unit What is
Sales revenue 500 units at $55 per unit Beginning inventory 110 units at $23 per unit Purchases 500 units at $11 per unit What is the gross profit using the LIFO method? a. $22,000 b. $ 24,970 c. $5500 d. $27,500
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