Use the weighted-average (AVG) cost allocation method, with perpetual inventory updating, to calculate (a) sales revenue, (b) cost of goods sold, and (c) gross margin for A75 Company, considering the following transactions. Round your intermediate calculations to 2 decimal places and final answers to nearest whole dollar. Number Unit of Units Cost Beginning Inventory 125 $43 Purchased Mar. 2 155 45 Sold Mar. 31 for $80 per unit 90 (a) Sales Revenue 2$ (b) Cost of Goods Sold (c) Gross Margin

Use the weighted-average (AVG) cost allocation method, with perpetual inventory updating, to calculate (a) sales revenue, (b) cost of goods sold, and (c) gross margin for A75 Company, considering the following transactions. Round your intermediate calculations to 2 decimal places and final answers to nearest whole dollar. Number Unit of Units Cost Beginning Inventory 125 $43 Purchased Mar. 2 155 45 Sold Mar. 31 for $80 per unit 90 (a) Sales Revenue 2$ (b) Cost of Goods Sold (c) Gross Margin

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 7PA: Use the weighted-average (AVG) cost allocation method, with perpetual inventory updating, to...

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