Dobler Company uses a periodic inventory system.Details for the inventory account for the month of January 2022 are as follows: An end of the month (1/31/2022) inventory showed that 240 units were on hand.If the company uses FIFO and sells the units for $10 each, what is the gross profit for the month?
A)$1,782
B)$1,818
C)$3,600
D)$2,400

Question

Dobler Company uses a periodic inventory system.Details for the inventory account for the month of January 2022 are as follows:  An end of the month (1/31/2022) inventory showed that 240 units were on hand.If the company uses FIFO and sells the units for $10 each, what is the gross profit for the month?
A)$1,782 
B)$1,818 
C)$3,600 
D)$2,400

Quizplus · Accepted Answer

The Answer of Dobler Company uses a periodic inventory system.Details for the inventory account for the month of January 2022 are as follows:  An end of the month (1/31/2022) inventory showed that 240 units were on hand.If the company uses FIFO and sells the units for $10 each, what is the gross profit for the month?
A)$1,782 
B)$1,818 
C)$3,600 
D)$2,400

Dobler Company Uses a Periodic Inventory System