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Planet Enterprises sells its product for $20.72 per unit and uses the Average Cost, perpetual...

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Accounting

Planet Enterprises sells its product for $20.72 per unit and uses the Average Cost, perpetual method for tracking inventory costs.
The following sequence of events has occurred during the month of September.
Date Event
Sep 1 Beginning Inventory: 80 units @ $11.99/unit
Sep 3 Purchase 115 units @ $12.38/unit
Sep 7 Sell 90 units
Sep 11 Purchase 70 units @ $12.92/unit
Sep 17 Sell 115 units
Sep 23 Purchase 80 units @ $13.27/unit
How much is total Gross Margin for the sale made on September 17?
(round all calculations to the hundredths place; enter your answer rounded to the hundredths place)
Answer:Question 1

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