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On June 1, Haimes Company spent $200,000 to purchase 2 50,000 coffee mugs to sell at its retail store. During the year, Hai mes Company

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On June 1, Haimes Company spent $200,000 to purchase 2 50,000 coffee mugs to sell at its retail store. During the year, Hai mes Company recorded the following sales of coffee mugs: Selling pric Mugs solds Month e per mug 16,000 $2.0 June July $2.5 35,000 2,000 $3.0 August September 31,000 $2.0 $3.0 October 46,000 $4.0 47,000 November 0 40,000 December $3.5 Calculate the gross profit earned by Haimes Company fo r the months August through November

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