The following information applies to the questions displayed below. Broadhead Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 2: Unit Cost $ 14 Units Inventory, December 31, prior year For the current year Purchase, April 11 Purchase, June 1 Sales ($60 each) Operating expenses (excluding income tax expense) 8,820 7,890 10,970 17 $187,500