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Business, 24.10.2019 02:30 KKmax123

Hogan industries had the following inventory transactions occur during 2017: units cost/unit feb. 1, 2017 purchase 110 $46 mar. 14, 2017 purchase 190 $48 may 1, 2017 purchase 135 $50 the company sold 312 units at $64 each and has a tax rate of 30%. assuming that a periodic inventory system is used, what is the company’s gross profit using fifo? (rounded to whole dollars)

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