You have a time limit of $75$ minutes and will be shown only one question at a time, good luck!

Question $3$

Weiss Company purchased two identical inventory items. The first purchase cost $$16$ and the second cost $$20.$ The Company sold one of the items for $$33.$ If the Company uses the weighted average cost flow method, the amount of gross margin shown on the income statement will be:

$$21.$

$$15.$

$$13.$

$$17.$