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ABC Company employs a periodic inventory system and sells it s inventory to customers for...

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Accounting

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ABC Company employs a periodic inventory system and sells it s inventory to customers for $23 per unit. ABC Company reported the followi ng inventory information for the month of May: May 1 May 6 May 8 May 13 May 18 May 21 May 28 May 30 Beginning inventory 4,200 units @ $9 cost per unit Purchased 2,000 units @ $12 cost per unit Sold 3,000 units Purchased 4,000 units @ $8 cost per unit Sold 2,100 units Purchased 2,500 units @ $6 cost per unit Sold 2,200 units Purchased 2,300 units @ $17 cost per unit ABC Company reported operating expenses of $26,100 for May a nd they had a tax rate of 43%. Calculate the amount of gross profit shown on ABC Company's income statement for May using the weighted average method

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