Kramer Corp. reported the following sale and purchase transactions related to a specific product in January 2021: Date Jan. 1 Jan. 3 Jan. 6 Jan. 8 Jan. 9 Jan. 15 Transaction Quantity Unit Cost Unit Sales Price Beginning inventory 9 units $ 95 Sale on account 7 units $179 Purchase on account 15 units 100 Sale on account 8 units 170 Sale on account 5 units 170 Sales returned due to damage, $340 (two units that were sold on January 9). The units were in very poor condition and were destroyed. Kramer Corp. uses a perpetual inventory system and the FIFO inventory costing method. Kramer Corp. uses a perpetual inventory system and the FIFO inventory costing method. Required: 1. Compute net sales and gross profit for January 2021. Net sales Gross profit