What is the gross profit?

RCES Exercise 8-9 (Part Level Submission) Level Kingbird Company sells one product. Presented below is information for January for Kingbird Company. Level n. 1 Inventory 4 Sale 11 Purchase 13 Sale 20 Purchase 27 Sale 124 units at $4 each 100 units at $8 each 162 units at $7 each 134 units at $9 each 151 units at $7 each Leve art t Level art 96 units at $11 each n) Kingbird uses the FIFO cost flow assumption. All purchases and sales are on account. Your answer is correct Assume Kingbird uses a periodic system. Prepare all necessary journal entries, including the end-of-month closinge ending inventory for January is 107 units. (If no entry is required, select "No entry" for the account titles an automatically indented when amount is entered. Do not indent manually Date Account Titles and Explanation Debit Credit Jan. 4 Accounts Receivable 800 Sales Revenue 800 Jan. 11 Purchases 1134