Cost Flow Methods The following three identical units of Item 2401C are purchased during April:...
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Cost Flow Methods The following three identical units of Item 2401C are purchased during April: Item Beta Units Cost April 2 Purchase 1 $100 15 Purchase 1 120 20 Purchase 1 140 Total 3 $360 Average cost per unit 5120 (5360 + 3 units Assume that one unit is sold on April 27 for $300 Determine the gross profit for April and ending inventory on April 30 using the art ros: (b) last tinto (LFand (c) wehted average cost method. Gross Profit Ending Inventory 3. mn. out (FO) b. Lain, out) Weighted average cost
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