can someone explain how they got this answer? very confused will thumbs up. thank you. god speed ~ confused acct student exam tmr

harm Question 4 1/1 pts Target employs a periodic inventory system and sells its inventory to customers for $24 per unit. Target had the following inventory information available for the month of May My Beginning inventory 1.400 units @ $8.40 cost per unit May 3 Purchased 2,200 unitse sa 10 cost per unit May & Sold 1.900 units May 13 Purchased 3,300 units @ $7.30 cost per unit May 18 Sold 2,800 units May 24. Sold 1.500 units May 30 Purchased 2.100 units 56.60 cost per unit During May. Target reported operating expenses of $14,800 and had an income tax rate of 30% Calculate the amount of net income reported on Target Company's income statement for May using the inventory cost flow assumption that will show the highest inventory balance for May Note: Target notices that the economy is experiencing DEFLATION as represented in Target's declining cost per unit 62699