help asap please The following information for Dorado Corporation relates to the...
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The following information for Dorado Corporation relates to the three-month period ending September 30 . Dorado expects to purchase 215.000 units of inventory in the fourth quarter of the current calendar year at a cost of $38 per unit, and to have on hand 71,000 units of inventory at year-end. Dorado uses the Last-in, first-out (LIFO) method to account for inventory cosis. a. Determine the cost of goods sold and gross profit amounts Dorado should record for the three asonths ending September 30. b. Prepare journal entries to reflect these ansounts. Complete this question by entering your answers in the tabs below. Determine the cost of goods sold and gross profit amounts Dorado should record for the three months ending September 30
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