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Inventory information for Part 311 of Monique Aaron Corp. discloses the following information for the...

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Accounting

Inventory information for Part 311 of Monique Aaron Corp. discloses the following information for the month of June.

June?1

Balance

300 units @ $10

June 10

Sold

200 units @ $24

11

Purchased

800 units @ $12

15

Sold

500 units @ $25

20

Purchased

500 units @ $13

27

Sold

300 units @ $27

Calculate Gross Profit if FIFO Periodic method is used.

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