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The weighted-average cost method is used by Johnston, Inc. Sales are $240,000, the number of units available for sale is 100, the number of units
The weighted-average cost method is used by Johnston, Inc. Sales are $240,000, the number of units available for sale is 100, the number of units sold during the period is 75, and the weighted-average cost of the goods available for sale is $600 each. How much is gross profit for the company? Select one: A. $60,000 B. $195,000 C. $30,000 D. $45,000
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Cost And Management Accounting
Authors: Colin Drury
9th Edition
1473749050, 978-1473749054
