Assuming the company uses FIFO and a periodic inventory system, fill in the following blanks...
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Accounting
Assuming the company uses FIFO and a periodic inventory system, fill in the following blanks using the following information: Purchases Date Units Cost Total Cost of Goods Sold Units Unit Selling Price Feb. 1 Feb 10 Feb 28 6,000 17,000 $17 $19 $102,000 $323,000 22,000 $25 Sales Cost of Goods Sold Gross Profit Operating Expenses Income before income tax Income Tax Expense (30%) Net Income Amount Blank #1 Blank #2 Blank #3 Blank #4 $32,000 Blank #5 Blank #6
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