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Tamarisk, Inc. uses a periodic inventory system. Details for the inventory account for the month of January 2022 are as follows: Units Per unit price

Tamarisk, Inc. uses a periodic inventory system. Details for the inventory account for the month of January 2022 are as follows:

Units

Per unit price

Total

Balance, 1/1/2022

310 $5.00 $1550

Purchase, 1/15/2022

160 ..5.50 880

Purchase, 1/28/2022

160 ..5.70 912

An end of the month (1/31/2022) inventory showed that 250 units were on hand. If the company uses FIFO and sells the units for $10 each, what is the gross profit for the month?

$1865

$1935

$3800

$2500

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