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The Bokwood Company selis blankets for 338 each. The following was taken from the inventory records during May, The company had no beginning inventory on

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The Bokwood Company selis blankets for 338 each. The following was taken from the inventory records during May, The company had no beginning inventory on May x. Assuming that the company uses the perpetual inventory system, determine the gross profit for the sale of May 23 using the fifo inventory cost method. b. $195 c. 530 d. $240

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