Question
Using weighted average, what is gross margin? Date Source Units Purchased Cost Per Unit Total Cost 1/1/2011 Beginning Inventory 1000 $25 $25,000 2/1/2011 Purchase 700
Using weighted average, what is gross margin?
Date Source Units Purchased Cost Per Unit Total Cost
1/1/2011 Beginning Inventory 1000 $25 $25,000
2/1/2011 Purchase 700 $23 $16,100
3/1/2011 Purchase 1,500 $20 $30,000
Total Goods Available for Sale 3,200 $71,100
Units sold 2300 $40
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Cost Accounting
Authors: Jawahar Lal, Seema Srivastav
6th Edition
9353168384, 978-9353168384
