Crane Company uses a periodic inventory system. Details for the inventory account for the month of January, 2020 are as follows: Per Units unit price $4,00 Total Balance, 1/1/20 150 $ 600 100 5.10 Purchase, 1/15/20 Purchase, 1/28/20 510 100 5.30 530 An end of the month (1/31/20) inventory showed that 150 units were on hand. If the company uses FIFO and sells the units for $8 each, what is the gross profit for the month? $ 600 $745 $1200 $500