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The units of Manganese Plus available for sale during the year were as follows: ...

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Accounting

The units of Manganese Plus available for sale during the year were as follows:

Mar. 1 Inventory 21 units @ $30 $630
June 16 Purchase 30 units @ $34 1,020
Nov. 28 Purchase 38 units @ $37 1,406
89 units $3,056

There are 14 units of the product in the physical inventory at November 30. The periodic inventory system is used. Determine the difference in gross profit between the LIFO and FIFO inventory cost systems. Enter the answer as a positive number.

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