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Etice Assignment Gradebook ORION Downloadable eTextbook mment Exercise 8-10 (Part Level Submission) Inventory Information for
Your answer is correct. Assuming that the perpetual inventory method is used and costs are computed at the time of each withd

need help findinf gross profif (FIFO)
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Answer #1

(c) Total Sale = 197*27+503*29+305*31 = $29,361

Gross profit = sale - cost of goods sold

= $29,361 - 13173

= $16,188

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