Bonita Company uses a periodicitwentory system. Details for the inventory account for the month of January, 2020 are as follows Per Units unit price Total Balance, 1/1/20 230 $5.00 $1150 Purchase, 1/15/20 100 5.50 550 Purchase, 1/28/20 100 5.60 560 An end of the month (1/31/20) inventory showed that 160 units were on hand. If the company uses FIFO and sells the units for 58 each, what is the gross profit for the month? $ 1245 O $790 O $ 1050 O $1150