Salcon 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 company had two transformers in stock. Serial Number Required 1. Salcon Company uses the specific-unit-cost method for costing inventory. Why would the company prefer to use this method? S Unit Cost $ 69,000 2010901 2010905 $ 63,000 During the month, the company purchased the following two transformers. Serial Number Unit Cost $ 59,000 20101001 20101002 $ 74,000 Salcon Company sold two transformers-serial numbers 2010905 and 20101002-during the month of April. The selling price of the transformers was $106,000 per unit. 2. Compute the gross margin for Salcon Company for the month of April. W S X Ws H command E 80 Fa D 4 C in R d F 210 5 9 FD in T mylab.pearson.com Question 4 of 10 G 0 B iP Y H N +00 8 0 DII M -0 K This quiz: 10 point(s) possible This question: 1 point(s) possible C Companies that have value inventory items and income will often use the specific-unit-cost method. It is the matching the cost of inventory with the revenue it generates. Requirement 2. Compute the gross margin for Salcon Company for the month of April. What is the gross margin for April? 4 Requirement 1. Salcon Company uses the specific-unit-cost method for costing Inventory. Why would the company prefer to use this method? 0 H J F10 command P V Karan Kaushik 11/26/23 11:45 PM C i f Time Remaining: 00:13:38 option CA ? 1 (49) F12 P Quiz 2 Submit quiz +88 accurate measure of levels of Next delete return shift