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1 Given the following data, calculate the total gross profit using the average-cost method, if the selling price was $20 per unit. Unit 40 units

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1 Given the following data, calculate the total gross profit using the average-cost method, if the selling price was $20 per unit. Unit 40 units at $12 per unit 02:59:08 Date Item 1/1 Beginning inventory Purchase of 3/5 inventory Purchase of 5/30 inventory 12/31 Ending inventory 18 units at $14 per unit 24 units at $18 per unit 20 units Multiple Choice $851.71 $634.78 $359.60 $283.90

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