The weighted-average cost method is used by Garcia, Inc. Sales are $160,000, the number of...
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Accounting
The weighted-average cost method is used by Garcia, Inc. Sales are $160,000, the number of units available for sale is 100, the number of units sold during the period is 75, and the weighted-average cost of the goods available for sale is $400 each.
How much is gross profit for the company?
Select one: a. $130,000 b. $40,000 c. $30,000 d. $20,000
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