Coure Modules ING 2. CriticalX Researth Project Part wnloads/MT%20TWO%20for%20students.pdf 8 / 15 Eneri Company's inventory...
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Coure Modules ING 2. CriticalX Researth Project Part wnloads/MT%20TWO%20for%20students.pdf 8 / 15 Eneri Company's inventory records show the following data: Units Unit Cost Inventory, January 1 10,000 $9.20 Purchases: June 18 9,000 8.00 November 8 6,000 7.00 A physical inventory on December 31 shows 4,000 units on hand. Eneri sells the units for $13 each. The company has an effective tax rate of 20%. Eneri uses the periodic inventory method. If the company uses FIFO, what is the gross profit for the period? A) $95,000 B) $99,266 C) $99,960 D) $103,800
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