answer needed

Question 9 (3 points) Elliot Co.opened its doors for business on January 1st of 2022. Below is a chart outlining the purchases and sales of inventory for Elliot's first month of business: Date Event Units Price 1/3 Purchase Inventory 20 $20/unit 1/6 Purchase Inventory 8 $25/unit 1/9 Sell Inventory $50/unit 1/11 Purchase Inventory 7 $30/unit 1/14 Purchase Inventory 9 $40/unit 1/15 Sell Inventory 20 $55/unit Elliot Co. uses the perpetual system to account for its inventory. 15 Assuming Elliot Co. uses the FIFO cost-flow assumption, what will the company report as January 2022 Gross Margin (also referred to as Profit Margin)? $943 $1,287 $1,040 $860