Henri Company's Inventory Records Show the Following Data A Physical Inventory on December 31 Shows 3000 Units on l

Multiple Choice

Henri Company's inventory records show the following data: $$\begin{array} { l r r } & \underline { \text { Units } } & \underline { \text { Unit Cost } } \\\text { Inventory, January 1 } & 10,000 & \$ 9.20 \\\text { Purchases: June 18 } & 9,000 & 8.00 \\\text { November 8 } & 6,000 & 7.25\end{array}$$
A physical inventory on December 31 shows 3000 units on hand. Henri sells the units for $12 each. The company has an effective tax rate of 20%. Henri uses the periodic inventory method. If the company uses FIFO what is the gross profit for the period?

A) $78250
B) $84100
C) $81400
D) $84700