Imventories

The VERYMASIPAGNAMAGARAL? 2 points MASIPAGNGABA? NABSASTUDENTOFBATASANCAMPUS Company was organized in 2019 to produce a single product. The Company's production and sales records for the period 2019-2021 are summarized below: * PRODUCTION SALES No. of Units Production Costs No. of Units Sales Revenue 2017 340,000.00 1,530,000.00 200,000.00 1, 870,000.00 2018 310,000.00 1,612,000.00 290,000.00 2,300,000.00 2019 270,000.00 1,539,000.00 260,000.00 2,210,000.00 All units produced in a given year are assigned the same average cost. Determine the gross profit in 2019 using FIFO cost flow