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Cost Flow Methods The following three identical units of Item LO3V are purchased during April: Item Beta Units Cost April 2 Purchase 1 $230 April
Cost Flow Methods The following three identical units of Item LO3V are purchased during April: Item Beta Units Cost April 2 Purchase 1 $230 April 15 Purchase 1 233 April 20 Purchase 1 236 Total 3 $699 Average cost per unit $233 ($699 3 units) Assume that one unit is sold on April 27 for $322. Determine the gross profit for April and ending inventory on April 30 using the (a)
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