You are provide with the following information from Summer's Inventory cost flow records: Purchases Cost...
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You are provide with the following information from Summer's Inventory cost flow records: Purchases Cost Perpetual method: average cost flow Cost of Goods Sold Total Units Cost Total Units Units Balance Cost Total Date Dec. 31 Jan. 5 Jan. 10 Jan. 12 Jan. 25 100 $18.00 $1,800 70 $17.25 $1,208 $17.25 (586) 60 160 90 95 135 $16.00 $960 $17.25 $2,760 $17.25 $1,553 $17.25 $1,639 $18.06 $2.439 (5) 40 $20.00 $800 Each item sells for $30. What is Summer's gross profit for January? O $1,121 5. $979 $2,439 $829
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