Why is A

The Cohn Company used the WEIGHTED AVERAGE METHOD for valuing it's inventory. Based on the following transactions what was the Company's gross profit for the month of May? May 1 - Purchased 100 pens @ S 1.20 each May 5- Sold 30 pens S 2.50 each May 10- Purchased 70 pens @ $ 1.40 cach May 15 -Sold 40 pens $ 2.50 eaclh May 30 -Sold 10 pens @ S 2.80 each A. $ 102 B. $ 105 C. $ 99 D. S 108 E. None of the above 096 0% 0% 0% 0% huterlock 183664203