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Inventory Information for Great Falls Merchandising,Inc

Question 66

Multiple Choice

Inventory information for Great Falls Merchandising,Inc.is provided below.Sales for the period were 2,800 units at $8 each.The company uses a FIFO periodic inventory system. Inventory information for Great Falls Merchandising,Inc.is provided below.Sales for the period were 2,800 units at $8 each.The company uses a FIFO periodic inventory system. Determine the gross profit for the quarter ended March 31. A) $15,400 B) $12,600 C) $12,400 D) $22,400 Determine the gross profit for the quarter ended March 31.


A) $15,400
B) $12,600
C) $12,400
D) $22,400

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