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Graham Company uses a periodic inventory system. Details for the inventory account for January 2024 are as follows: An end-of-the-month (1/31/24) inventory showed that 240

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Graham Company uses a periodic inventory system. Details for the inventory account for January 2024 are as follows: An end-of-the-month (1/31/24) inventory showed that 240 units were on hand. If the company uses FIFO and sells the units for $10 each, what is the gross profit for the month? $6,000$2,848$2,752$5,600

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