ON June 1,2019, a company held 200 units of finished goods items in inventory. These were valued at $10 each. During June 2019 two batches of finished goods were received into stores from the production department, as follows:

Date. Units received Production cost per unit

June 4. 600. $15

June 15. 1,000. $18

Goods sold out of inventory during June were as follows

Date. Units sold. Sale price per unit

June 12. 500. $30

June 20. 800. $30

What was the profit from selling inventory in June 2019, applying the following principles of inventory valuation?

AVCO (using cumulative weighted average costing)

Ignore the administration, sales and distribution costs