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On May 1 , Blossom Company had beginning inventory consisting of 3 0 6 units with a unit cost of $ 7 . During May,

On May 1, Blossom Company had beginning inventory consisting of 306 units with a unit cost of $7. During May, the company
purchased inventory as follows:
612 units at $7
918 units at $8
The company sold 1530 units during the month for $12 per unit. Blossom uses the average-cost method. Assuming that a periodic
inventory system is used, Blossom's gross profit for the month of May is (Round average cost per unit to 2 decimal places, e.g.12.52.)
$18360.
$13770.
$6885.
$11475.
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