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Suppose a company that handles medical supplies has these inventory records for October 2022: Date Item Quantity Per Unit Oct. 1 Beg. Inv. 300 $27.00
Suppose a company that handles medical supplies has these inventory records for October 2022:
Date Item Quantity Per Unit
Oct. 1 Beg. Inv. 300 $27.00
Oct. 4 Purchase 375 $26.50
Oct. 7 Sale 450 $63.00
Oct. 13 Purchase 330 $26.00
Oct. 19 Purchase 225 $25.40
Oct. 22 Sale 570 $63.75
Oct. 24 Purchase 300 $25.00
Oct. 28 Sale 165 $64.50
The company uses the periodic inventory method. Round answer to the nearest dollar.
Gross profit using the weighted average method is:
$44,484
$31,190
$44,140
$30,846
$44,544
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