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The Units of Product YY2 Available for Sale During the Year

Question 47

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The units of Product YY2 available for sale during the year were as follows:
The units of Product YY2 available for sale during the year were as follows: There are 15 units of the product in the physical inventory at March 31. The periodic inventory system is used. Determine the difference in gross profit between the LIFO and FIFO inventory cost systems.
There are 15 units of the product in the physical inventory at March 31. The periodic inventory system is used. Determine the difference in gross profit between the LIFO and FIFO inventory cost systems.

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