777

ZZ Company employs a periodic inventory system and sells its inventory to customers for $39 per unit. ZZ Company had the following inventory information available for June: June 1 Beginning inventory 1,100 units @ \$22.10 cost per unit June 6 Purchased 3,400 units@ \$16.40 cost per unit June 11 Sold 3,000 units June 15 Purchased 1,300 units @ \$33.60 cost per unit June 19 Sold 1,200 units June 23 Purchase 3,700 units @ $20.70 cost per unit June 26 Sold 3,600 units June 28 Purchased 2,500 units @ $28.20 cost per unit During June, ZZ Company reported operating expenses of $18,000 and had an income tax rate of 36%. Calculate the amount of net income shown on ZZ Company's income statement for June using the FIFO method