Question 24 View Policies Current Attempt in Progress Skysong, Inc. uses a periodic inventory system....
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Accounting
Question 24 View Policies Current Attempt in Progress Skysong, 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 250 $4.00 $1000 516 Purchase, 1/15/2022 Purchase, 1/28/2022 120 120 4.30 4.50 540 An end of the month (1/31/2022) inventory showed that 200 units were on hand. If the company uses FIFO and sells the units for $8 each, what is the gross profit for the month? O $1148 O $1600 O $1172 $2320 Save for Later
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