Dole Industries had the following inventory transactions occur during 2010:
Units Cost/unit
Feb. 1, 2010 Purchase 54 $45
Mar. 14, 2010 Purchase 93 $47
May 1, 2010 Purchase 66 $49
The company sold 153 units at $63 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, what is the company’s gross profit using FIFO? (rounded to whole dollars)
A) $7,323
B) $7,095
C) $2,544
D) $2,316

$1.99

0

0

  322




Buyer's Ratings
Social connections


Created

Compatibility

Files Included

April 13, 2012

MS excel

xls



LiveZilla Live Help