Question
The following information was extracted from Alpha Company's inventory records as of December 31, Year 2. Beginning inventory (purchased in year 1) 200 Units @
The following information was extracted from Alpha Company's inventory records as of December 31, Year 2.
| Beginning inventory (purchased in year 1) | 200 Units | @ | ps | 5 | each |
| Purchases made in year 2 | 800 Units | @ | ps | 8 | each |
| units sold | 900 Units | @ | ps | 12 | each |
What is the gross margin amount assuming Alpha uses a weighted average cost flow method ?
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Using the weighted average cost flow method we calculate the cost of goods sold by taking the t...
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Financial Reporting and Analysis
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
7th edition
1259722651, 978-1259722653
