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Given the Following Information, What Would the Gross Margin Be

Question 56

Multiple Choice

Given the following information, what would the gross margin be for the December 15 sale under the FIFO method in a perpetual inventory system? Given the following information, what would the gross margin be for the December 15 sale under the FIFO method in a perpetual inventory system? A) $1,490 B) $1,545 C) $1,570 D) $2,075


A) $1,490
B) $1,545
C) $1,570
D) $2,075

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