Answer:
Bramble Company
The gross profit for the month is:
 $2,588.50
Explanation:
a) Data and Calculations:
Selling price = $12
                                   Date    Units      Per unit price    Total Balance, 
Beginning Inventory 1/1/18    200              $6.00            $1,200 
Purchase,                1/15/18      70                 5.30                 371 
Purchase,               1/28/18      70                 5.40                 378 
Cost of goods available       340                                     $1,949
Calculating the cost of goods available for sale allocated to, using FIFO:
Ending inventory    1/31/18     85 (70 * $5.40 + 15 * $5.30) = $457.50
Cost of goods sold, 255 units ($6.00 * 200 + 55 * $5.30) $1,491.50
Income Statement, December 31, 2018:
Sales Revenue = ($12 * 340) $4,080.00
Cost of goods sold                    1,491.50
Gross profit                            $2,588.50