ARM Inc. began in December 2021 holding 10 units of inventory that cost $50 each. During the month, ARM bought and sold inventory as follows:

Dec.3 Sold 8 nits for $100 each.

Dec.16 Purchased 10 units at $56 each.

Dec.23 Sold 8 units for $100 each.

ARM uses perpetual inventory system and FIFO method. How much is the gross profit for the company?

Ltfen birini sein:

a. 836

b. 1600

c. 848

d. 764