Given the Following Data, What Is the Gross Margin If

question 128

Multiple Choice

Given the following data, what is the gross margin if cost of goods sold is determined using the weighted-average method? $\begin{array} { | l | l | } \hline \text { Sales revenue } & 200 \text { units at } \$ 20 \text { per unit } \\\hline \text { Beginning inventory } & 60 \text { units at } \$ 12 \text { per unit } \\\hline \text { Purchases } & 210 \text { units at } \$ 13 \text { per unit } \\\hline\end{array}$

• A)$2,556
• B)$1,444
• C)$2,500
• D)$1,500

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Definitions:

Reaction Structure

The molecular arrangement and bonds of reactants and products in a chemical reaction process.

Perform Reaction

Conducting a chemical process where reactants are converted into products through the breaking and forming of chemical bonds.

Carry Out Transformation

The process of converting one chemical compound into another through a sequence of chemical reactions.

Reagents

Compounds or blends employed in chemical processes for the detection, quantification, analysis, or creation of different substances.