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What is the value of the gross profit

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Question - Given the following data, what is the value of the gross profit as determined by the LIFO method?

Sales revenue 300 units at $15 per unit

Purchases 240 units at $10 per unit

Beginning Inventory 120 units at $9 per unit

1. $540

2. $600

3. $1560

4. $2880

Reference no: EM132146215

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