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Brief Exercise 6.3 (Static) Perpetual Inventory System-Computation of Income (LO6-2, LO6-3, LO6-8) Alberto & Sons, Inc., a retailer of antique figurines, engages in the following

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Brief Exercise 6.3 (Static) Perpetual Inventory System-Computation of Income (LO6-2, LO6-3, LO6-8) Alberto & Sons, Inc., a retailer of antique figurines, engages in the following transactions during October of the current year. Oct. 1 Purchases 100 Hummels at $50 each. Oct. 5 Sells 50 of the Hummels at $80 each. Compute Alberto & Sons's gross profit for October. Gross profit

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