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What would the gross profit

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Reference no: EM132483320

Question - Refer to the following table:

January 1 inventory balance 90 units at $10 per unit

March 2 purchase 50 units at $11 per unit

July 8 purchase 80 units at $10 per unit

November 15 purchase 30 units at $12 per unit

December 31 inventory balance 75 units

Assume that all goods are sold throughout the year for $19 per unit. What would the gross profit be if calculated under the periodic LIFO?

a. $1,570

b. $1,260

c. $1,510

d. $1,465

Reference no: EM132483320

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