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a Company

question 32

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Use the following information for questions below
A company had the following inventory activity during May:
 Units  Unit Cost  Total Cost  Unit Price \hlineBeginning inventory100$20.00$2,000Purchase: November 3900$21.0018,900Sale:November 5(900) $30.00Purchase:November 151,000$21.0021,000Sale:November 28(900) $30.00\begin{array}{lrccc}&\text { Units }& \text { Unit Cost } & \text { Total Cost } & \text { Unit Price } \\\hlineBeginning~ inventory&100 & \$ 20.00 & \$ 2,000 & \\Purchase: ~November~3&900 & \$ 21.00 & 18,900 & \\Sale: \quad November ~5&(900) & & & \$ 30.00 \\Purchase: November ~15&1,000 & \$ 21.00 & 21,000 & \\Sale: \quad November~ 28&(900) & & & \$ 30.00\end{array}
-If the company uses a perpetual system and the weighted-average cost formula,what is the gross margin on the November 5 sale?

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Definitions:

Linguistic Dysfunction

Difficulty or inability in using language normally, including problems with producing or comprehending spoken or written communication.

Language

Communication system based on words and grammar.

Declarative

Pertaining to statements or expressions that convey information or assertions, often used in the context of declarative memory, which involves facts and events information.

Sentences

A set of words that is complete in itself, typically containing a subject and predicate, conveying a statement, question, exclamation, or command.

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