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XYZ Corporation has the following information related to its inventory for the year ending 12/31/2018: Units Unit/price 1/1/2018 Beg. Bal. 5,000 $ 20 March 1st

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XYZ Corporation has the following information related to its inventory for the year ending 12/31/2018: Units Unit/price 1/1/2018 Beg. Bal. 5,000 $ 20 March 1st Purchase 2,000 $ 30 June 1st Purchase 25,000 $ 33 Oct 1st Sale 20,000 $ Nov 1st Purchase 12,000 $ 39 Assume XYZ uses the LIFO method to evaluate inventory, calculate the following: Cost of goods sold Ending Inventory Gross profit

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