Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The related Kakai data of the Company: Period Quantity Unit cost Week 1 8,000 10.00 Week 2 8,200 11.00 Week 3 7,900 12.00 On week
The related Kakai data of the Company: | |||
Period | Quantity | Unit cost | |
Week 1 | 8,000 | 10.00 | |
Week 2 | 8,200 | 11.00 | |
Week 3 | 7,900 | 12.00 | |
On week 4 the company made a sale of | 15,000 | units | |
Mark up base on cost is | 50% | ||
Under the weighted average method, how much is the gross profit? Under the FIFO method, how much is the gross profit? |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Under the weighted average method the cost per unit is calculated by dividing the total cost of good...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started