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Business, 14.04.2020 23:58 snowprincess99447

Effie Company uses a periodic inventory system. Details for the inventory account for the month of January, 2018 are as follows: UnitsPer unit priceTotal Balance, 1/1/18200$5.00$1,000 Purchase, 1/15/181005.30530 Purchase, 1/28/181005.50550

An end of the month (1/31/13) inventory showed that 140 units were on hand. If the company uses FIFO and sells the units for $10 each, what is the gross profit for the month?

a. 1220

b. 1282

c. 1838

4. 1900

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