Question: A8-l5 Company uses the weighted average inventory costing method. The company had a beginning inventory of 300 units that cost $12.00 each. Purchases were made

A8-l5 Company uses the weighted average inventory costing method. The company had a beginning inventory of 300 units that cost $12.00 each. Purchases were made throughout the year as follows: June: 700 units purchased at $12.50 per unit August: 1,000 units purchased at $12.80 per unit October: 500 units purchased at $13.00 per unit During the year, 1,800 units were sold to customers at a selling price of $15.00 each. Operating expenses for the year amounted to $1,000 and the income tax rate was 30%. The gross profit reported by A8-l5 Company during the year was equal to: 

Group of answer choices

$4,050

$4,063

$2,065

$3,212

$3,050

$5,804

$4,410

$2,248

$2,135

$2,950

$4,212

$2,387

$3,950

$3,410

$6,804

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