1. During August, a company recorded the following transactions:
·Aug 1　　Inventory　　　30 units @ $5.00
·Aug 8　　Purchased　　　60 units @ $5.20
·Aug 14　　Sold　　　　　45 units @ $7.00
·Aug 23　　Purchased　　　30 units @ $ 5.40
·Aug 28　　Sold　　　　　35 units @ $7.20
If periodic FIFO inventory costing method is adopted, what is gross profit for August?