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HS-U7P Company employs a periodic inventory system and sells its inventory to customers for $41 per unit. H5-7P Company's inventory records disclosed the following information

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HS-U7P Company employs a periodic inventory system and sells its inventory to customers for $41 per unit. H5-7P Company's inventory records disclosed the following information for the month of October: October 1: October 4: October 9: October 17: October 19: October 26: October 29: October 30: Beginning inventory was 2,800 units @ $11.40 cost per unit Sold 1,900 units Purchased 2,300 units @ $24.30 cost per unit Sold 2,400 units Purchased 1,600 units @ $12.80 cost per unit Purchased 2,200 units @ $19.20 cost per unit Sold 1,200 units Purchased 1,100 units @ $16.70 cost unit HS-U7P Company's operating expenses for October totaled $63,000 and the October income tax rate was 30%. Calculate the amount of gross profit reported on H5-U7P Company's income statement for October using the LIFO method. 124,330

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