Question: Price $2 3 Date Quantity March 1 Beginning Inventory 20 March 7 Purchase 15 March 11 Sale March 12 Purchase What is gross profit using

Price $2 3 Date Quantity March 1 Beginning Inventory 20 March 7 Purchase 15 March 11 Sale March 12 Purchase What is gross profit using LIFO cost flow assumptions? 25 7 20 4

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