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Question - Bonita Company uses a periodic inventory system. Details for the inventory account for the month of January, 2018 are as follows:
UnitsPer unit priceTotalBalance, 1/1/18180$6.00$1080Purchase, 1/15/18905.10 459Purchase, 1/28/18905.70 513
An end of the month (1/31/18) inventory showed that 250 units were on hand. If the company uses FIFO and sells the units for $10 each, what is the gross profit for the month?
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Write the given assignment in essat format.- What role does your forecast of future interest rates play in your decisions?
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