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ZZ Company employs a periodic inventory system and sells its inventory to customers for $39 per unit. ZZ Company had the following inventory information available

ZZ Company employs a periodic inventory system and sells its inventory to customers for $39 per unit. ZZ Company had the following inventory information available for June:

June 1 Beginning inventory 1,100 units @ $22.10 cost per unit

June 6 Purchased 3,400 units @ $16.40 cost per unit

June 11 Sold 3,000 units

June 15 Purchased 1,300 units @ $33.60 cost per unit

June 19 Sold 1,200 units

June 23 Purchase 3,700 units @ $20.70 cost per unit

June 26 Sold 3,600 units

June 28 Purchased 2,500 units @ $28.20 cost per unit

During June, ZZ Company reported operating expenses of $18,000 and had an income tax rate of 36%.

Calculate the amount of net income shown on ZZ Company's income statement for June using FIFO method.

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