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The records of Lion Co. showed the following purchases and sales of product ZZ for the month of July of 2017 : The company adopts

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The records of Lion Co. showed the following purchases and sales of product ZZ for the month of July of 2017 : The company adopts the Last-in-first-out method to value its closing inventory. What is the amount of Gross Profit at 31 July 2017 (to the nearest \$1)? $14,680 $7,920 \$5.280 $1,340

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