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14)

Finance

14).  Sunland Company 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 290 $5.00 $1450

Purchase, 1/15/2022 140 ..5.10 714

Purchase, 1/28/2022 140 ..5.30 742

An end of the month (1/31/2022) inventory showed that 230 units were on hand. If the company uses FIFO and sells the units for $10 each, what is the gross profit for the month?

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