Planet Enterprises sells its product for $$20\mathrm{.}72$ per unit and uses the Average Cost, perpetual method for tracking inventory costs.

The following sequence of events has occurred during the month of September.

Date Event

Sep $1$ Beginning Inventory: $80$ units @ $$11\mathrm{.}99/$unit

Sep $3$ Purchase $115$ units @ $$12\mathrm{.}38/$unit

Sep $7$ Sell $90$ units

Sep $11$ Purchase $70$ units @ $$12\mathrm{.}92/$unit

Sep $17$ Sell $115$ units

Sep $23$ Purchase $80$ units @ $$13\mathrm{.}27/$unit

How much is total Gross Margin for the sale made on September $17?$

$($round all calculations to the hundredths place; enter your answer rounded to the hundredths place$)$

Answer:Question $1$