Question
Inventory You have the following information for Dynamite Clothing. Dynamite Clothing uses the Weighted Average Method. Dynamite Clothing is focus on selling T-Shirt. The transactions
Inventory You have the following information for Dynamite Clothing. Dynamite Clothing uses the Weighted Average Method. Dynamite Clothing is focus on selling T-Shirt. The transactions for Dynamite Clothing for December: Dec 1: Beginning Inventory 600 T-Shirts at a cost of $78 per T-Shirt. Dec 8: Purchased 500 T-Shirts at a cost of $63 each. Dec 15: Sold 300 T-Shirts for $90 each. Dec 20: Purchased 230 T-Shirts at a cost of $68 each. Dec 28: Sold 100 T-Shirts for $90 each. /_\ Calculate: (1) Ending Inventory (2) Cost of Goods Sold (3) Gross Profit (4) Gross Profit Margin
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