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Unformatted text preview: Oct. 5 Sales = 300 units 60 units from March 14 purchase, and 240 units from July 30 purchase Total sold 530 Calculate cost of goods sold and gross profit. Totals Gross profit: Specific Identification Purchases Sales Balance Cost Total Units Cost Total Units Cost Total $- $- $-...
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- Fall '05
- Financial Accounting, Harshad number, Specific Identification, $- 0, $1,000 3,750 8,000