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Dole Industries Had the Following Inventory Transactions Occur During 2014

question 135

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Dole Industries had the following inventory transactions occur during 2014: Dole Industries had the following inventory transactions occur during 2014:   The company sold 204 units at $126 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, what is the company's gross profit using FIFO? (rounded to whole dollars)  A)  $19,528 B)  $18,920 C)  $6,784 D)  $6,176 The company sold 204 units at $126 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, what is the company's gross profit using FIFO? (rounded to whole dollars)


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