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Splish Company sells one product. Presented below is information for January for Splish Company. Splish uses the FIFO cost flow assumption. All purchases and sales
Splish Company sells one product. Presented below is information for January for Splish Company. Splish uses the FIFO cost flow assumption. All purchases and sales are on account. \begin{tabular}{|c|c|c|c|} \hline Date & Account Titles and Explanation & Debit & Credit \\ \hline \multirow[t]{2}{*}{ n. 42} & Accounts Receivable & 800 & \\ \hline & Sales Revenue & & 800 \\ \hline \multirow[t]{2}{*}{ n. 11v} & Purchases & 1134 & \\ \hline & Accounts Payable & & 1134 \\ \hline \multirow[t]{2}{*}{ n. 13} & Accounts Receivable & 1206 & \\ \hline & Sales Revenue & & 1206 \\ \hline \multirow[t]{2}{*}{ n. 20} & Purchases & 1057 & \\ \hline & Accounts Payable & & 1057 \\ \hline . 27 & Accounts Receivable & 1056 & \\ \hline & Sales Revenue & & 1056 \\ \hline \end{tabular} n. 13 Accounts Receivable 1206 Sales Revenue 1206 . 20 Purchases 1057 Accounts Payable 1057 . 27v Accounts Receivable 1056 Sales Revenue 1056 an. 31 Inventory 749 Cost of Goods Sold 1938 Purchases 2191 Inventory 496 Compute gross profit using the periodic system. Gross profit \$
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