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Bramble Company uses a periodic inventory system. Details for the inventory account for the month of January, 2020 are as follows: Units Per unit price
Bramble Company uses a periodic inventory system. Details for the inventory account for the month of January, 2020 are as follows: Units Per unit price Total Balance, 1/1/20 150 $6.00 $900 Purchase, 1/15/20 130 5.30 689 Purchase, 1/28/20 130 5.70 741 An end of the month (1/31/20) inventory showed that 210 units were on hand. If the company uses FIFO and sells the units for $8 each, what is the gross profit for the month? $435 $900 $1802 $770
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