A8-15 Company uses the weighted average inventory costing method. The company had a beginning inventory...
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A8-15 Company uses the weighted average inventory costing method. The company had a beginning inventory of 300 units that cost $12.00 each. Purchases were made throughout the year as follows: June : August: October: 700 units purchased at $12.50 per unit 1,000 units purchased at $12.80 per unit 500 units purchased at $13.00 per unit During the year, 1,800 units were sold to customers at a selling price of $15.00 each. Operating expenses for the year amounted to $1,000 and the income tax rate was 30%. The gross profit reported by A8-15 Company during the year was equal to: $4,050 $4,063 O $2,065 $3,212 $3,050 $5,804 $4,410 O $2,248 O $2,135 $2,950 O $4,212 $2,387 O $3,950 $3,410 $6,804
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