Question: B&B Supplies maintains its hand-held graphing calculator inventory using the perpetual inventory method. The inventory records for May follow: Beginning inventory 20 units @ $105

B&B Supplies maintains its hand-held graphing calculator inventory using the perpetual inventory method. The inventory records for May follow: Beginning inventory 20 units @ $105 each May 12 purchase 30 units @ $120 each May 20 sale 40 units @ $195 each May 25 purchase 15 units @ $115 each Using the weighted-average cost method, how much will B&B report as gross profit for May? $4,995 $3,240 $3,480 $3,325

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