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Mastermind is a chemical company that maintains a perpetual inventory system and utilizes the weighted average method. Mastermind provides the following information regarding the first
Mastermind is a chemical company that maintains a perpetual inventory system and utilizes the weighted average method. Mastermind provides the following information regarding the first two weeks of March: As of Gallons Unit Cost Extended Beg. Balance March 1 1,000 $7.15 $7,150 Purchases: 600 March 8 March 12 total $7.20 $7.30 600 $4,320 $4,380 $15,850 2,200 Unit Price $22.00 $22.00 Sales: As of Gallons March 10 700 March 15 735 total 1,435 Consider the March 15th sale of 735 gallons and select the answer below that shows the gross profit that will be reported by the company for this single sale. Rounding: do not round your intermediate calculations but do round your final gross profit to the nearest $1. O A $10,862 OB. $10.847 O C.$10.875 OD. $10,901 O E $11,136 Extended $15,400 $16,170 $31,570
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