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The Bradley Corporation produces a product with the following costs as of July 1, 20X1: Beginning inventory at these costs on July 1 was 3,
The Bradley Corporation produces a product with the following costs as of July 1, 20X1: Beginning inventory at these costs on July 1 was 3, 350 units. From July 1 to December 1, 20X1, Bradley produced 12, 700 units. These units had a material cost of exist2, labor of exist4, and overhead of exist2 per unit. Bradley uses LIFO inventory accounting a. Assuming that Bradley sold 14, 400 units during the last six months of the year at exist13 each, what is its gross profit? b. What is the value of ending inventory
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