4 Remin Question 30 1 pts ABC Company sells widgets. Its beginning inventory of widgets was 40 units at $20 per unit. During the year, ABC purchased 50 widgets at $25 per unit 20 more widgets at $35 per unit. During the period, ABC sold 85 widgets for $55 each. Assuming ABC uses Weighted Average, what is the value of ending Inventory for the period? $625 $825 $500 None of these. Previous Next Quiz saved at 4:24pm Submit Qu Remin Question 31 ABC Company sells widgets. Its beginning inventory of widgets was 40 units at $20 per unit. During the year, ABC purchased 50 widgets at $25 per unit, 20 more widgets at $35 per unit. During the period, ABC sold 85 widgets for $55 each. Assuming ABC uses FIFO, what is the Gross Margin for the period? $2.750 $2.425 O $2,550 None of these. A Previous Next