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Units Cost/unit Feb. 1, 2017 Purchase 95 $40 Mar. 14, 2017 Purchase 164 $41 May 1, 2017 Purchase 116 $43 The company sold 269 units
| Units | Cost/unit | |||||
| Feb. 1, 2017 | Purchase | 95 | $40 | |||
| Mar. 14, 2017 | Purchase | 164 | $41 | |||
| May 1, 2017 | Purchase | 116 | $43 |
The company sold 269 units at $55 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, what is the companys gross profit using FIFO? (rounded to whole dollars)
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Dare To Be Different An Auditors Personal Guide To Excellence
Authors: Daniel Clark
1st Edition
1490772405, 978-1490772400
