Question: (Multiple choice.....choose the correct answer ....without explanation) Redmoon Traders provided the following inventory information for the month of March 2018. Units Cost (RO) Amount (RO)

(Multiple choice.....choose the correct answer ....without explanation)

Redmoon Traders provided the following inventory information for the month of March 2018. Units Cost (RO) Amount (RO) March - 1 Beginning inventory 400 10 4,000 March 8- Purchases 250 20 5,000 March 18- Purchases 350 25 8,750 March 20 - Purchases 200 30 6,000 The business sold March 18 purchases on 26th March at a cost of RO 40 each by using Specific Identification method. Calculate the Gross profit of the above business. O a. RO 15,000 O b. RO 5,250 O c. RO 14,000 O d.RO 8,750

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