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What inventory method which results in highest gross profit

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Reference no: EM132924308

Question - A company just starting business made the following four inventory purchases in June:

Date

Number of units purchased

Total cost

June 1

170 units

$350

June 10

190 units

575

June 15

190 units

640

June 28

200 units

520

 

 

$2085

A physical count of merchandise inventory on June 30 reveals that there are 220 units on hand.

Required - What the inventory method which results in the highest gross profit for June?

Reference no: EM132924308

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