18 Beginning inventory was 4OOO SAR, On November 3rd Mohammed company Sold merchandise for cash 3,200 SAR. The merchandise sold had a cost of 2,000 SAR. And 7 on November 20th Made refunds to cash customers for defective merchandise 70 SAR. The returned merchandise had fair value of 30 SAR. Mohammeds gross profit is SAR 1200 SAR 1160 SAR 1130 SAA 1230