November end 700000 $9

sold 600000 @5.8

requires:

what caused fifo and weight average cost gross profit

20 with 700,000 units of merchandise that cost an average of $9 each. Sup s during December as follows: December 6 100,000 units @ $ 8 = $ 800,000 19 420,000 units @ $ 7 $ 2,940,000 's gross profit under both FIFO and weighted-average cost. Supply this infor -fit figures to differ? Required 1. At December 31, the store manager needs to know the store's gross 2. What caused the FIFO and weighted-average cost gross profit figures Requirement 1. At December 31, the store manager needs to know the system. (Round all calculations to one decimal place.) Millions Weighted- Gross profit: FIFO Average-Cost Gross profit 20 with 700,000 units of merchandise that cost an average of $9 each. Sup s during December as follows: December 6 100,000 units @ $ 8 = $ 800,000 19 420,000 units @ $ 7 $ 2,940,000 's gross profit under both FIFO and weighted-average cost. Supply this infor -fit figures to differ? Required 1. At December 31, the store manager needs to know the store's gross 2. What caused the FIFO and weighted-average cost gross profit figures Requirement 1. At December 31, the store manager needs to know the system. (Round all calculations to one decimal place.) Millions Weighted- Gross profit: FIFO Average-Cost Gross profit