Time left $0$:$46$:$30$

Hide

Moon Enterprises sells its product for $$23\mathrm{.}32$ per unit and uses the LIFO, perpetual method for tracking inventory costs.

The following sequence of events has occurred during the month of February.

$\backslash$table$[[$Date$,$Event$],[$Feb $1,$Beginning Inventory: $110$ units @ $$\frac{13\mathrm{.}91}{?}$ unit$],[$Feb $3,$Purchase $60$ units @ $$11\mathrm{.}6/$unit$],[$Feb $7,$Sell $40$ units$],[$Feb $11,$Purchase $50$ units @ $$\frac{14\mathrm{.}42}{?}$ unit$],[$Feb $17$ Sell $90$ units,$],[$Feb $23,$Purchase $100$ units @ $$\frac{10\mathrm{.}47}{?}$ unit$]]$

$($round all calculations to the hundredths place; enter your answer rounded to the hundredths place$)$

How much is total Gross Margin for the entire month of February?

Answer: $$