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Question 9 (1 point) ABC. Ltd. uses a perpetual inventory system and the weighted average cost method. The following represents complete information on inventory transactions

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Question 9 (1 point) ABC. Ltd. uses a perpetual inventory system and the weighted average cost method. The following represents complete information on inventory transactions for ABC. Ltd. for the year January 1: Opening inventory 6000 units at $ 6 per unit June 1: Purchased 10000 units at $ 8 per unit August 1: Sold 6000 units at $ 27 per unit October 1: Purchased 5500 units at $ 7 per unit Calculate the gross profit (margin) for the year. Round your answer to the nearest dollar. Your

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