Coronado Company uses a periodic inventory system. Details for the inventory account for the month of January, 2020 are as follows:

Multiple Choice Question 81 Coronado Company uses a periodic inventory system. Details for the inventory account for the month of January, 2020 are as follows: Total Units Per unit price 250 $5 $1250 Balance, 1/1/20 Purchase, 1/15/20 Purchase, 1/28/20 100 5.3 530 100 5.5 550 An end of the month (1/31/20) inventory showed that 170 units were on hand. If the company uses FIFO and sells the units for $10 each, what is the gross profit for the month? $1150 O $1700 O $1391 O $1250 Click if you would like to Show Work for this question: Open Show Work