Assuming that the product sells for $150 and that 80% of sales are on account, determine the gross profit for sales for March.

Inventory Date Quantity Unit Cost Total Cost Mar. 1 850 $98 $83,300 1,275 $95 $121,125 Mar. 8 650 $98 $63,700 Mar. 11 325 $31,850 $98 598 Mar. 14 325 $31.850 $80,340 780 $103 Mar. 22 260 $98 $25,480 $25,480 Mar. 25 $98 260 1,700 $101 $171,700 Study the inventory record for March and answer the questions that follow 1. Assuming that the product sells for $150 and that 80% of sales are on account determine the gross profit from sales for March $C