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Eneri Company's Inventory Records Show the Following Data: a Physical

Question 104

Multiple Choice

Eneri Company's inventory records show the following data: Eneri Company's inventory records show the following data: A physical inventory on December 31 shows 4,000 units on hand. Eneri sells the units for $13 each. The company has an effective tax rate of 20%. Eneri uses the periodic inventory method. If the company uses FIFO, what is the gross profit for the period? A) $95,000 B) $99,266 C) $99,960 D) $103,800 A physical inventory on December 31 shows 4,000 units on hand. Eneri sells the units for $13 each. The company has an effective tax rate of 20%. Eneri uses the periodic inventory method. If the company uses FIFO, what is the gross profit for the period?


A) $95,000
B) $99,266
C) $99,960
D) $103,800

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