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Question 70 (10 points) Given the following data, what is the gross profit using the LIFO inventory method? Sales Revenue = 300 units at $15

Question 70 (10 points) Given the following data, what is the gross profit using the LIFO inventory method? Sales Revenue = 300 units at $15 per unit: Purchases = 260 units at $10 per unit; Beginning Inventory = 320 units at $9 per unit

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