Question: Current Attempt in Progress Windsor, Inc. uses a periodic inventory system. Details for the inventory account for the month of January 2022 are as follows:
Current Attempt in Progress Windsor, Inc. uses a periodic inventory system. Details for the inventory account for the month of January 2022 are as follows: Units Per unit price Total Balance, 1/1/2022 260 130 130 $1040 598 Purchase, 1/15/2022 Purchase, 1/28/2022 - $4.00 4.60 4.70 611 An end of the month (1/31/2022) Inventory showed that 210 units were on hand. If the company uses FIFO and sells the units for $9 each, what is the gross profit for the month? $2790 $1270 $1520 51090
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