Question: November 1 beginning inventory = 2 0 units @$ 5 0 . November 6 purchases = 6 0 units @ $ 5 2 . November

November 1 beginning inventory =20 units @$50. November 6 purchases =60 units @ $52. November 15 sales =52 units @ $80. November 22 purchases =40 units @ $56. November 30 sales =29 units @ $85? What is gross profit on a periodic LIFO basis?

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