Honest le produces a product with the following costs as of July 20XX 23 Material...
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Accounting
Honest le produces a product with the following costs as of July 20XX 23 Material or perunt per unit 3559 Assuming Honest Joe sold 14.000 units during the last six months of the year at $15 each, beginning inventory at these costs on July 1 was 2.000 units. From July 1 to December 31, 20XY. Honest Joe produced 13,000 units. These units had a material cost of $4 per unit The costs for labour and overhead were the same a. I Honest Joe uses FIFO inventory accounting, what would be the gross profit for the period? Gross profit b. Il Honest Joe uses FIFO inventory accounting. What is the value of ending inventory? Ending Inventory $
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