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The following information for Dorado Corporation relates to the three-month period ending September 30 . Dorado expects to purchase 250,000 units of inventory in the

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The following information for Dorado Corporation relates to the three-month period ending September 30 . Dorado expects to purchase 250,000 units of inventory in the fourth quarter of the current calendar year at a cost of $45 per unit, and to have on hand 85,000 units of inventory at year-end. Dorado uses the last-in, first-out (LIFO) method to account for inventory costs. a. Determine the cost of goods sold and gross profit amounts Dorado should record for the three months ending September 30 . Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Determine the cost of goods sold and gross profit amounts Dorado should record for the three months ending September 30

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