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Calculate the amount of gross profit reported on company

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Reference no: EM132873357

Fx9-M6q Company employs a periodic inventory system and sells its inventory to customers for $34 per unit. Fx9-M6q Company had the following inventory information available for the month of April:

April 1 Beginning inventory 3,560 units @ $18.30 cost per unit
April 3 Sold 1,310 units
April 9 Purchased 1,740 units @ $11.10 cost per unit
April 18 Sold 1,580 units
April 20 Purchased 1,970 units @ $22.80 cost per unit
April 24 Sold 1,840 units
April 27 Purchased 1,680 units @ $21.30 cost per unit

Fx9-M6q Company uses the LIFO inventory cost flow assumption.

Question 1: Calculate the amount of gross profit reported on Fx9-M6q Company's income statement for April.

Reference no: EM132873357

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