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The inventory records for Radford Co. reflected the following Beginning inventory @ May 1 100 units @ $4.00 First purchase@ May 7 300 units @
The inventory records for Radford Co. reflected the following
Beginning inventory @ May 1 | 100 units @ $4.00 |
First purchase@ May 7 | 300 units @ $4.40 |
Second purchase@ May 17 | 500 units @ $4.60 |
Third purchase@ May 23 | 100 units @ $4.80 |
Sales @ May 31 | 900 units @ $7.80 |
Determine the amount of gross margin assuming the weighted average cost flow method.
a | $3,015 |
b | $2,412 |
c | $1,314 |
d | $2,610 |
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