60.2k views
2 votes
A company just starting in business purchased three merchandise inventory items at the following prices. First purchase $58; Second purchase $69; Third purchase $70. If the company sold two units for a total of $215 and used FIFO costing, the gross profit for the period would be

1 Answer

5 votes

Answer:

like 412 or sum

Step-by-step explanation:

User Max Clarke
by
6.6k points