"A distributor had the following transactions: on 1/16/2020, purchased 1,100 units for $8.00 each; on 1/21/2020, purchased 800 units for $9.00 each; on 2/6/2020, purchased 900 units for $10.00 each; on 3/9/2020, purchased 700 units for $11.00 each; and then on 3/11/202 sold 1,900 units for $15.00 each. Under FIFO, what is the Gross Margin on this transaction?" $75.00