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Table 6-5
Assume the Following Data for Kruger Sales for November

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Essay

Table 6-5
Assume the following data for Kruger Sales for November 2019:  Beginning inventory Nov. 15 units at $90 each  Sale Nov. 33 units at $120 each  Nov. 6 purchase 11 units at $95 each  Sale Nov. 84 units at $120 each  Sale Nov. 93 units at $120 each \begin{array}{ll}\text { Beginning inventory Nov. } 1 & 5 \text { units at } \$ 90 \text { each } \\\text { Sale Nov. } 3 & 3 \text { units at } \$ 120 \text { each } \\\text { Nov. } 6 \text { purchase } & 11 \text { units at } \$ 95 \text { each } \\\text { Sale Nov. } 8 & 4 \text { units at } \$ 120 \text { each } \\\text { Sale Nov. } 9 & 3 \text { units at } \$ 120 \text { each }\end{array}
On November 30, a physical count reveals 6 units on hand.
-Refer to Table 6-5. Calculate gross margin for Kruger Sales assuming the weighted-average cost method is being used and a periodic inventory system.

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Definitions:

Oldowan

Refers to the archaeological evidence pertaining to the use of very simple chipped stone tools by early human ancestors in the Lower Paleolithic period.

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The study of the evolutionary processes and ancestral lines that led to the emergence of Homo sapiens as a distinct species.

Miocene

An epoch of the Neogene Period in the geological timescale, occurring about 23 to 5.3 million years ago, characterized by the development of grasslands and the evolution of many modern species.

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A taxonomic group that includes all modern and extinct apes and humans, characterized by a more complex brain and greater flexibility in behaviors than other primates.

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