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Use the following information for the next question (set of 3). CD Warehouse Store had the following beginning inventory and purchases during the current year:

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Use the following information for the next question (set of 3). CD Warehouse Store had the following beginning inventory and purchases during the current year: Sales during the year were 6, 600 CDs at $23.00 each. (Use the data set above) lf the business used the weighted-average cost method, the gross profit percentage for the year would be: 48.9% 59.2%. 49.9% 40.8% 51.1%

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