Question: (c) Assuming that the perpetual inventory method is used and costs are computed at the time of each withdrawal, what is the gross profit if

(c) Assuming that the perpetual inventory method is used and costs are computed at the time of each withdrawal, what is the gross profit if the inventory is valued at FIFO? Gross Profit (FIFO) Inventory information for Part 311 of Bramble Corp. discloses the following information for the month of June. June 1 Balance 11 Purchased 303 units @ $14 June 10 Sold 201 units @ $34 798 units @ $17 15 Sold 498 units @ $35 20 Purchased 497 units @ $18 27 Sold 299 units @ $38

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