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What is the gross profit for the month

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Ayayai Corp. Uses a periodic inventory system. Details for the inventory account for the month of January 2022 are as follows:

                                   Units               Per unit price                     Total
Balance, 1/1/2022    280                 $5.00                          $1400
Purchase, 1/15/2022 140                5.00                                   $700
Purchas, 1/28/2022    140               5.20                                     $728

Problem 1: An end-of-the-month (1/31/2022) inventory showed that 230 units were on hand. If the company uses FIFO and sells the units for $9 each, what is the gross profit for the month?

Reference no: EM132946130

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