Inventory information for Part 311 of Sheridan Corp. discloses the following information for the month of June. June 1 Balance 450 units @ $1 June 10 Sold 300 units @ $2.40 11 Purchased 1.200 units @ $2 15 Sold 750 units @ $2.50 20 Purchased 750 units @ $3 27 Sold 450 units @ $2.70 x Your answer is incorrect. Assuming that the perpetual inventory method is used and costs are computed at the time of each withdrawal, what is the gross profit if the inventory is valued at FIFO? Gross Profit (FIFO) $ 2,550