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The units of Manganese Plus available for sale during the year were as follows: Mar. 1 23 units @ $32 June 16 29 units @
The units of Manganese Plus available for sale during the year were as follows: Mar. 1 23 units @ $32 June 16 29 units @ $30 Nov. 28 40 units @ $39 Inventory Purchase Purchase 92 units Difference There are 15 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 $736 870 1,560 $3,166 $
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