Nulple Choice Question 86 Sunland Company's inventory records show the following data: Units Unit Cost 10500 Inventory: Purchases: January 1 June 18 8800 $9.20 8.00 8.00 November 8 6500 A physical inventory on December 31 shows 4000 units on hand. Sunland sells the units for $14 each. The company has an effective tax rate of 24%. Sunland uses the periodic inventory method. If the company uses FIFO, what is the gross profit for the period? $123160 $123000 O $118200 $122466 Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 1 used