Allegro Co began operations on 1 January to supply coal to a local power station. During the first month, the following transactions took place. (Click here to view the information.) The business employs the FIFO method of inventories costing. Calculate for January: More info The cost of closing inventories = (Type an integer.) The cost of goods sold = (Type an integer.) The gross profit = (Type an integer.) January Purchased/sold Tonnes Selling price/cost per tonne 3 Purchased 3,000 40 5 Purchased 1,800 45 17 Purchased 500 40 25 Sold 4,000 80 Print Done -