Use the following information to answer:
Northern Creations Company imports and sells a product produced in Canada. In the summer of 2019, a natural disaster disrupted production, affecting its supply of product. Northern Creations Company uses the LIFO inventory method. On January 1, 2019, Northern Creations Company's inventory records were as follows:
Through mid-December of 2019, purchases were limited to 8,000 units, because the cost had increased to $320 per unit. Northern Creations sold 14,200 units during 2019 at a price of $408 per unit, which significantly depleted its inventory. Northern Creations uses a periodic inventory system
-Assume that Northern Creations Company purchases 11,400 more of the $320 units on December 31, 2019. Compute Northern Creations Company's gross profit for 2019.

Question

Use the following information to answer:
Northern Creations Company imports and sells a product produced in Canada. In the summer of 2019, a natural disaster disrupted production, affecting its supply of product. Northern Creations Company uses the LIFO inventory method. On January 1, 2019, Northern Creations Company's inventory records were as follows:
  Through mid-December of 2019, purchases were limited to 8,000 units, because the cost had increased to $320 per unit. Northern Creations sold 14,200 units during 2019 at a price of $408 per unit, which significantly depleted its inventory. Northern Creations uses a periodic inventory system
-Assume that Northern Creations Company purchases 11,400 more of the $320 units on December 31, 2019. Compute Northern Creations Company's gross profit for 2019.

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11ee7640_e1dc_750a_90da_8b1b7a00d1d0_TBCB1007_00

Use the Following Information to Answer