The Following Information Was Taken from the Inventory Records of Penelope

question 82

Multiple Choice

The following information was taken from the inventory records of Penelope Ltd.: What would be the gross margin, assuming that the weighted-average method is used in a periodic inventory system?

• A)$310
• B)$875
• C)$935
• D)$1,810

---

Definitions:

Texas

A large U.S. state known for its diverse landscapes, significant historical events, and as a major economic and cultural center.

Client Confidentiality

The ethical obligation of professionals to keep information related to their clients secure and private.

Confidential Information

Sensitive data or details that are restricted to certain individuals to protect privacy or competitive advantage.

Marginal Utility

The change in utility an individual gains from consuming an additional unit of a good or service.