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$34,678 $49,540 $58,300 $32,995 $49,000 $56,700 $34,300 $47,135 $50,600 $32,144 $51,140 $47,520 $48,735 $39,690 $45,920 Pu4-G18 Company uses the weighted average inventory costing method. The
$34,678
$49,540
$58,300
$32,995
$49,000
$56,700
$34,300
$47,135
$50,600
$32,144
$51,140
$47,520
$48,735
$39,690
$45,920
Pu4-G18 Company uses the weighted average inventory costing method. The company had a beginning inventory of 1,000 units that cost $14.70 each. Purchases were made throughout the year as follows: April: 2,100 units purchased at $11.40 per unit September: 1,800 units purchased at $7.25 per unit November: 1,100 units purchased at $14.10 per unit During the year, 4,400 units were sold to customers at a selling price of $22.00 each. Operating expenses for the year amounted to $1,600 and the income tax rate was 30%. The gross profit reported by Pu4-G18 Company during the year was equal toStep by Step Solution
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