Question: Remaining Time: 1 hour, 14 minutes, 41 seconds. * Question Completion Status: L A Moving to another question will save this response. Question 1 A

Remaining Time: 1 hour, 14 minutes, 41 seconds. * Question Completion

Remaining Time: 1 hour, 14 minutes, 41 seconds. * Question Completion Status: L A Moving to another question will save this response. Question 1 A company using perpetual FIFO has the following data for August: Beginning inventory: 150 units purchased on July 15 for $12 each, and 200 units purchased on July 25 for $11 each. August 2: Sale of 80 units for $23 each August 5: Purchase of 100 units for $10 each . What is the company's gross profit for the sale on August 2? A Moving to another question will save this response

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