Use the following information for questions 33 - 34. XYZ Company employs a periodic inventory system and sells its inventory to customers for $22.00 per unit. XYZ Company had the following inventory information available for the month of June: Date June 1 June 8 June 12 June 17 June 19 June 22 June 25 June 29 beginning inventory purchase purchase sale purchase sale sale purchase Quantity 480 330 160 350 240 130 120 190 Cost per unit $8.90 $5.00 $6.20 $7.40 $6.80 Total cost $4,272 $1,650 $ 992 $1,776 $1,292 Operating expenses for the month of June totaled $2,400 and the income tax rate was 30%. alculate the gross profit earned by XYZ Company during June using the weighted average method Iculate the net income earned by XYZ Company during June using the LIFO method

the the following information for questions 3334 XYZ Company employs a periodic inventory system and sells its inventory to customers for $22.00 per unit. XYZ Company had the following inventory information available for the month of June: serating expenses for the month of June totaled $2,400 and the income tax rate was 30%. leulate the gross profir earned by XYZ Company during June using the weighted average method culate the net income earned by XYZ Company during June using the LIFO method