Question 19 Using FIFO, what is gross margin? Units Date 1/1/2011 Beginning Inventory 2/1/2011 Purchase 3/1/2011 Purchase Total Goods Available for Sale 3,200 Units sold 2300 $40,897 O $43,400 O $74,000 Source $38,900 Purchased 1000 700 1,500 Cost Per Unit $25 $23 $20 $40 Total Cost $25,000 $16,100 $30,000 $71,100 10 pts

Question 19 I Isinn. FIFn what ic nmes marnin? $40,897 $43,400 $74,000 $38,900