A company began the year and had made purchases of product "Z" as follows: Jan....
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Accounting
A company began the year and had made purchases of product "Z" as follows: Jan. 1 opening inventory 400 units @ $ 14.00 each Mar. 10 purchased 200 units @ $ 15.00 per unit sold Jan. 15 unit) 200 units (selling price was $30.00 per April 1 sold 250 units (selling price was $30.00 per unit) Assuming that the company uses a perpetual inventory system with FIFO method. What is the Gross profit after the FIFO Method is used? O A. $7,150 O B. $7,000 W O C. $9,950 O D. $11,250
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