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Suppose Carla Vista Company uses a periodic inventory system. Details related to inventory for the month of January are as follows: Units Unit Cost Total

Suppose Carla Vista Company uses a periodic inventory system. Details related to inventory for the month of January are as follows:

Units

Unit Cost

Total

Balance, 1/1

340

$6.00

$2040

Purchase, 1/15

170

..6.00

1020

Purchase, 1/28

170

..6.30

1071

At the end of the month, there were 270 units on hand. If the company uses FIFO and sells the units for $11 each, what is the gross profit for the month?

$2970

$2460

$4510

$2050

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