Help Sav 22 ABC Company imports leather purses and sells them to retailers in the...
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Help Sav 22 ABC Company imports leather purses and sells them to retailers in the United States. The inventory flows and related costs for a particular purse style during the month of January 2018 are noted below: Cost per Unit $8 $9 3 01:08:32 1/1/2018 1/2/2018 1/6/2018 1/11/2018 1/15/2018 11/21/2018 1/26/2018 11/30/2018 Beginning Inventory Purchase Sale Purchase Purchase Sale Purchase Sale # of Units 700 500 300 400 200 100 500 500 $12 $13 eBook $16 If these purses sell to retailers for $19 each, what is ABC Company's gross profit for January 2018 assuming that ABC Company uses a perpetual, FIFO inventory cost flow system? O $9,700 O $12,000 $7,400 O $5,100 $13,000 0 $4,100
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