Chapter 2.7, Problem 2Q

Get correct answer the general accounting question without use Ai

Expert of general account solve asap

Do fast answer of this accounting questions

Please need answer this general accounting question

Gross profit?? General Account

Sauerbraten Corp. reported 2007 sales ($ in millions) of $2,157 and a cost of goods sold of $1,827. The company uses the LIFO method for inventory valuation. It discloses that if the FIFO inventory valuation method had been used, inventories would have been $63.3 million and $56.8 million higher in 2007 and 2006, respectively. If Sauerbraten used the FIFO method exclusively, it would have reported 2007 gross profit closest to? a. $324. b. $330. c. $337.

Hi experts please provide solution this general accounting question

Cost accounting

Provide general accounting answer