61.

At May 1, 2017, Concord Corporation had beginning inventory consisting of 240 units with a unit cost of $6.0. During May, the company purchased inventory as follows: 480 units at $6.0 720 units at $6.0 The company sold 1200 units during the month for $10.0 per unit. Concord Corporation uses the average cost method. Concord Corporation's gross profit for the month of May is

$7200.

$4800.

$12000.

$8640.