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nap Enterprises, a retail entity, provides the following data about its January purchases and sales yventory: Jan 1 Jan 8 Jan 16 Jan 28 Beg.
nap Enterprises, a retail entity, provides the following data about its January purchases and sales yventory: Jan 1 Jan 8 Jan 16 Jan 28 Beg. Balance Purchase Purchase Purchase Qty 1,000 1,000 1,000 1,000 Price $8 $10 $15 $18 Extended $8,000 $10,000 $15,000 $18,000 Qty Jan 12 Jan 22 Sale Sale 1,400 Price $28 $28 Extended $39,200 $22,400 800 What gross profit will Snap report assuming the company maintains its inventory using a perpetual system and uses the LIFO method? (When necessary, round your weighted average cost per unit to 2 decimal places and final answers to the nearest $1.] O $36,400 $40,600 O $33,550 $26,600 $39,100
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