Cost per unit $1.00 $1.05 Dec. 19 $1.10 Dec. 21 $1.12 The company sold 100 units at $2.00 per unit on December 23. Assuming that a perpetual inventory system is used, what is the company's gross profit using LIFO? Dec. 1 Dec. 14 O $110.50 O$89.50 O $96.00 O$104.00. $100.00 Beginning balance Purchase Purchase Purchase Units 30 60 40 50

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A:

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Q: None

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