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Question Status: 4:32 PM 1 2 3 4 Gotiable sells straw hats for $42 each. The April inventory purchases are summarized below. Gotiable sold 840
Question Status: 4:32 PM 1 2 3 4 Gotiable sells straw hats for $42 each. The April inventory purchases are summarized below. Gotiable sold 840 hats at a hat festival on April 28. Units Cost each Dollars Beg. Inv. 250 8 2000 April 2 800 10 8000 April 14 60 13 780 April 23 110 14 1540 Assume that Gotiable uses the average cost method for inventory costing. What is the average cost of one hat? (Round to the nearest penny (2 decimal points)). What will be the dollar value of the inventory on the April 30th balance Sheet? (Round to the nearest dollar) What will Gotiable report as Gross margin for the hats for the month of April? (Round to the nearest dollar)
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