Tier II Company uses a periodic inventory system. Details for the inventory account for the month of January, $2016$ are as follows:

An end of the month $(\frac{1}{31}\frac{?}{2016})$ inventory showed that $120$ units were on hand.

How many units did the company sell during January, $2016?$

A$)80$

B$)120$

C$)200$

D$)280$

If the company uses FIFO, what is the value of the ending inventory?

A$)$ $$520$

$-$B$)$ $$600$

C$)$ $$656$

D$)$ $$1,424$

If the company uses LIFO, what is the value of the ending inventory?

A$)$ $$520$

B$)$ $$600$

C$)$ $$656$

D$)$ $$1,480$

If the company uses FIFO and sells the units for $$10$ each; what is the gross profit for the month?

A$)$ $$1,376$

B$)$ $$1,424$

C$)$ $$2,800$

D$)$ $$3,000$