Bonita Company's inventory records show the following data:

Multiple Choice Question 86 Bonita Company's inventory records show the followino data: Units 9700 Unite.com $9.00 Inventory: Purchases: January 1 June 15 November 8 8800 9.00 6.00 5500 A physical inventory on December 31 shows 3500 units on hand. Bonita sells the units for $13 each. The company has an effective tax rate of 22%. Bonita uses the periodic inventory method. If the company uses FIFO, what is the gross profit for the period? $98500 $92960 $88000 e $92266 Click if you would like to Show Work for this questions Open Show Work