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Reguly Company buys transformers from manufacturers and sells them to utility companies. The units are costly and the company keeps track of them by using

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Reguly Company buys transformers from manufacturers and sells them to utility companies. The units are costly and the company keeps track of them by using serial numbers. On April 1, the comparty had two transformers in stock. During the month, the company purchased the following two transformers. Reguly Company sold two transformers - sorial numbers 2010905 and 20101002 -during the month of April. The selling price of the transformers was Requirement 1. Reguly Company uses the specific-unit-cost method for, costing inventory. Why would the company prefer to use this method? Companies that have value inventory items and levels of income will often use the specific-unit-cost method. It is the accurate measure of matching the cost of inventory with the revenue it generates. Requirement 2. Computo the gross margin for Reguly Company for the month of April. What is the gross margin for Apnl

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