Question: Current Attempt in Progress Sheffield Company uses a periodic Inventory system. Details for the inventory account for the month of January, 2020 are as follows:

Current Attempt in Progress Sheffield Company uses a periodic Inventory system. Details for the inventory account for the month of January, 2020 are as follows: Per Units unitarice Total Balance, 1/1/20 150 $4.00 5600 Purchase, 1/15/20 110 5.40 594 Purchase, 1/28/20 110 5.30 583 An end of the month (1/31/20) inventory showed that 130 units were on hand. If the company uses FIFO and sells the units for $12 each, what is the gross profit for the month? $1794 $490 $600 O $1465

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