Blossom Company began operations on January 1. The company uses a periodic imentory system. it purchased three shredders as part of its itwentary. The first shredder had a cost of $68, the second one cost 575 ; and the third shredder cost 381 . The company decidid to use LIFO and sold two shredifers in January If the compary had iased FIFO. by how much would gross profit for the period be gexter or kist than using the UFO method? Grows profit would be 513 greater it Fifo is issed. Cross profit would be $13 lets it F1FO is used. Crors profit would be the rame. Cross profit would be So less if FIFo is usod