Question Background info : Listed below are some transactions for Oriole Products Ltd$.,$ which uses a perpetual inventory system and reports under ASPE.

May $2$ : Sold inventory on account to Pharoah Inc., terms $\frac{2}{10},\frac{n}{30}.$ Selling price $$22,000$; cost $$8,800.$

May $3$ : Received a portion of the inventory sold on the previous day because it was damaged and could never be sold in the

future. Selling price $$1,650$; cost $$660.$

May $5$ : Received a portion of the inventory sold on May $2$ that was in good condition and could be sold to other customers in the

future. Selling price $$2,650,$ cost $$1,320.$

May $7$ : Received payment in full from Pharoah Inc. for the amount due from the sale made on May $2.$

MY QUESTION :

Determine the Oriole's gross profit based on the May Transactions