Inventory information for Great Falls Merchandising, Inc. is provided below. Sales for the period were 2,800 units at $10 each. The company uses a FIFO periodic inventory system.
Date

Number of Units
Unit Cost
Total Cost
January 1
Beginning inventory
1,000
$3.00
$3,000
January
Purchase
600
$3.50
$2,100
February
Purchase
800
$4.00
$3,200
March
Purchase
1,200
$4.25
$5,100
Totals

3,600

$13,400

Determine the gross profit for the quarter ended March 31.