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The units of Manganese Plus available for sale during the year were as follows: Mar. 1 Inventory 20 units @ $29 $580 June 16 Purchase

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The units of Manganese Plus available for sale during the year were as follows: Mar. 1 Inventory 20 units @ $29 $580 June 16 Purchase 28 units @ $30 840 Nov. 28 Purchase 39 units @ $35 1,365 87 units $2,785 There are 11 units of the product in the physical inventory at November 30. The periodic inventory system is used. Determine the difference in gross profit between the LIFO and FIFO Inventory cost systems. Enter the answer as a positive number FIFO Cost of Goods Sold LIFO Cost of Goods Sold Difference

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