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harra harra
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6 years ago
Given the following data, what is the gross margin if cost of goods sold is determined using the weighted-average method?

Sales revenue   200 units at $20 per unit
Beginning inventory   60 units at $12 per unit
Purchases   210 units at $13 per unit

A) $2,556
B) $1,444
C) $2,500
D) $1,500
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
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KryzenKryzen
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6 years ago
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harra Author
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#2
6 years ago
Can't believe how you found this in the textbook, great answer.
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