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Three identical units of Item K113 are purchased during July, as shown below. Item K113 Units Cost July 9 Purchase 1 155 17 Purchase

Three identical units of Item K113 are purchased during July, as shown below. Item K113 Units Cost July 9 Purchase 1 155 17 Purchase 1 173 26 Purchase 1 196 Assume that one unit is sold on July 31 for $272. Determine the gross profit for July using the average cost method. (Round to nearest full dollar).

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