Question: please answer within the format with all working clearly please use commas and dollar sign in figures ABC Company employs a periodic inventory system and

please answer within the format with all working clearly please use commas and dollar sign in figures

please answer within the format with all working
ABC Company employs a periodic inventory system and sells its inventory to customers for $14 per unit. Purchases and sales of inventory during the month of July are shown below: Purchases During July Sales During July July 6: 700 units @ $4.80 July 11: 2, 100 units July 14: 2,600 units @ $9.50 July 16: 1,200 units July 22: 1,500 units @ $5.60 July 23: 2,800 units July 28: 2,100 units @ $11.30 July 30: 1,000 units Beginning inventory was 1, 900 units at a cost of $6.30 each. During July, ABC Company reported operating expenses of $5,400 and had an income tax rate of 36%. Calculate the amount of net income reported on ABC Company's income statement for July using the LIFO method

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