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What the gross profit for the year

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Question - KRISTEL Corporation started its operation in 2017. The following data are abstracted from the company's purchases and sales records:

 

2017

2018

2019

Number of units purchased

160,000

155,000

135,000

Number of units sold

100,000

145,000

130,000

Unit cost

4.00

5.00

6.00

Sales Revenue

800,000

1,200,000

1,300,000

The inventory value is calculated in terms of FIFO. What the gross profit for the year 2019?

Reference no: EM132947858

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