Emily Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 2: Units Unit Cost

Inventory, December 31, prior year (units) 2,940 (unit cost)$ 10

For the current year:

Purchase, April 11 8,950 $11

Purchase, June 1 7,950 $16

Sales ($50 each)		10810
Operating expenses (excluding income tax expense)	$	185,500

Sales ($50 each) 10,810

Operating expenses (excluding income tax expense) $ 185,500