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Business, 05.11.2019 02:31 awdadaddda

Romanoff industries had the following inventory transactions occur during 2018: units cost/unit 2/1/18 purchase 54 $45 3/14/18 purchase 93 $47 5/1/18 purchase 66 $49 the company sold 150 units at $70 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) $3,318 $3,552 $6,948 $7,182

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