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Using LIFO, what is gross margin for the June sale? Purchase $ per Total Selling...

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Accounting

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Using LIFO, what is gross margin for the June sale? Purchase $ per Total Selling $ Units unit cost Units per unit Activity Purchased June 1 15 $12 $180 Purchased June 5 10 $13 $130 Purchased June 12 20 $14 $280 Total 45 $590 Sold on June 15 30 $25 $357 $370 $340 $395 $340

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