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Three identical units of merchandise were purchased during March, as shown: Steele Plate Units Cost Mar. 3 Purchase 1 $ 830 10 Purchase 1 840

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Three identical units of merchandise were purchased during March, as shown: Steele Plate Units Cost Mar. 3 Purchase 1 $ 830 10 Purchase 1 840 19 Purchase 1 880 Total 3 $2,550 j Assume that one unit is sold on March 23 for $1,125. What is the gross profit for March using FIFO? Oa. $295 Ob. $1,670 Oc. $1,720 Od. $245

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