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Marigold Company uses a periodic inventory system. Details for the inventory account for the month of January, 2 0 2 0 are as follows: An

Marigold Company uses a periodic inventory system. Details for the inventory account for the month of January, 2020 are as follows:
An end of the month (1/31/20) inventory showed that 150 units were on hand. If the company uses FIFO and sells the units for $8
each, what is the gross profit for the month?
$505
$849
$1323
$1200
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