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Sandhill Company uses a perpetual inventory system. The following information is provided for cost of goods sold and ending inventory under FIFO and weighted average.

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Sandhill Company uses a perpetual inventory system. The following information is provided for cost of goods sold and ending inventory under FIFO and weighted average. Assuming 1,340 units are sold for $15 per unit, and the product costs are decreasing, calculate gross profit under weighted average. Gross profit

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