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ABC Company employs a periodic inventory system and sells its inventory to customers for $24 per unit. ABC Company had the following inventory information available

ABC Company employs a periodic inventory system and sells its inventory to customers for $24 per unit. ABC Company had the following inventory information available for May: May 1 Beginning inventory 3,300 units @ $13 cost per unit

May 3 Purchased 1,900 units @ $26 cost per unit

May 8 Sold 2,100 units

May 13 Purchased 2,500 units @ $18 cost per unit

May 18 Sold 2,900 units

May 20 Purchase 1,300 units @ $31 cost per unit May 24 Sold 900 units

May 30 Purchased 2,000 units @ $19 cost per unit During May, ABC Company reported operating expenses of $5,000 and had an income tax rate of 35%. A) Calculate the dollar amount of ending inventory shown on ABC Company's May 31 balance sheet using the FIFO method.

B) Calculate the amount of gross profit shown on ABC Company's income statement for May using the weighted average method.

C) Calculate the amount of net income shown on ABC Company's income statement for May using the LIFO method.

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