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A. $3,600 debit B. $3,600 credit C. $1,200 debit D. $1,200 credit Use the following information for the next three questions. A company had inventory

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A. $3,600 debit B. $3,600 credit C. $1,200 debit D. $1,200 credit Use the following information for the next three questions. A company had inventory transactions during the month: Selling $ per unit Units Units Activity Purchased June 1 Purchased June 5 Purchased June 12 Total Sold on June 15 Purchase $ per unit $12 $13 $14 Total cost $180 $130 $280 $590 30 $25 2. Using the weighted average inventory method, determine the cost of goods sold. A. $380 B. $410 C. $393 D. $400 3. Using FIFO, what is gross margin for the June sale? A. $357 B. $340

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