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Use the following information to answer the next 3 questions. Aggie Car Company is a wholesaler for car engine parts. The company had the following
Use the following information to answer the next 3 questions. Aggie Car Company is a wholesaler for car engine parts. The company had the following activity during the month of April: Aggie had 3,050 units on hand at the end of April. The sales price for all units sold in April was $88 per unit. If Aggie uses the perpetual LIFO inventory system, the gross profit reported on the monthly income statement at April 30th would be: $159,605 $169,250 $165,300 $162,700 $184,590
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