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Inventory information for Part 311 of Sunland Corp. discloses the following information for themonth of June. June 1 Balance 303 units @ $14 June 10

Inventory information for Part 311 of Sunland Corp. discloses the following information for themonth of June.

June 1 Balance 303 units @ $14 June 10 Sold 203 units @ $33
11 Purchased 796 units @ $17 15 Sold 499 units @ $35
20 Purchased 503 units @ $18 27 Sold 303 units @ $37

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)

$

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