Question: Jane owns a small teddy bear store called the Yogi Bear. At the start of September, the Yogi Bear had an opening inventory of 500

Jane owns a small teddy bear store called the Yogi Bear. At the start of September, the Yogi Bear had an opening inventory of 500 teddy bears at $15 per teddy bear. During September, 350 teddy bears were purchased at $20 per unit, 680 teddy bears were sold totally at a selling price of $30. Closing inventory is valued at $20 per unit.

What is the gross profits of the Yogi Bear for September?

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