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Sheridan sells a snowboard, Whiteout, that is popular with snowboard enthusiasts. presented below is information relating to Sheridan's purchases of WhiteOut snowboards during September. During

Sheridan sells a snowboard, Whiteout, that is popular with snowboard enthusiasts. presented below is information relating to Sheridan's purchases of WhiteOut snowboards during September. During the same month,

115

Whiteout snowboards were sold at $

175

each. Sheridan uses a periodic inventory syste. What is the gross profit

?

FIFO & LIFO

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