A company just starting in business purchased three merchandise inventory items at the following prices. First purchase

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answerhappygod
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A company just starting in business purchased three merchandise inventory items at the following prices. First purchase

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A company just starting in business purchased three merchandise
inventory items at the following prices. First purchase $66; Second
purchase $65; Third purchase $74. If the company sold two units for
a total of $216 and used FIFO costing, the gross profit for
the period would be
$90.
$83.
$85.
$74.
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