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Bringer Minn Ltd is a small importing company. On 1 November, it had an opening balance of 5 0 units of commodity X , valued

Bringer Minn Ltd is a small importing company. On 1 November, it had an opening balance of 50 units of commodity X, valued at GHS900. On 12 November, it purchased in bulk a further 250 units of commodity X for a gross price of GHS5,000. It received a bulk purchase discount of 5 per cent and a further discount of 3 per cent on the gross price for making an early cash payment. On 29 November, it sold 200 units of commodity X for a sales value of GHS6,600. Using the FIFO method of valuation, the gross profit in the companys trading account for November for the sale of commodity X was:
A. GHS2,700
B. GHS2,790
C. GHS2,850
D.[GHS2,940]

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