Question
The following information was drawn from the inventory records of Alpha Company as of December 31, Year 2. Beginning inventory (purchased in Year 1) 200
The following information was drawn from the inventory records of Alpha Company as of December 31, Year 2.
| Beginning inventory (purchased in Year 1) | 200 Units | @ | $ | 5 | each |
| Purchases made in Year 2 | 800 Units | @ | $ | 8 | each |
| Units Sold | 900 Units | @ | $ | 12 | each |
Which of the following is the amount of the gross margin assuming Alpha uses a weighted average cost flow method?
A. 500
B.800
C.4140
D.6660
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Fundamentals Of Information Risk Management Auditing An Introduction For Managers And Auditors
Authors: Chris Wright
1st Edition
978-1849288156
