Use the Information Below to Determine the Sales Revenue,cost of Goods

question 166

Essay

Use the information below to determine the sales revenue,cost of goods sold and gross profit that would be reported for the company related to the March 16 sale assuming the company uses weighted average inventory valuation and a perpetual inventory system.
$$\begin{array} { | l | l | } \hline \text { January 1: } & \text { Purchased } 100 \text { units at } \$ 10 \text { per unit. } \\\hline \text { February 5: } & \text { Purchased } 60 \text { units at } \$ 12 \text { per unit. } \\\hline \text { March 16: } & \text { Sold } 40 \text { units for } \$ 16 \text { per unit. } \\\hline\end{array}$$

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Definitions:

Affective Component

Pertains to the emotional aspect of attitudes, reflecting feelings or emotions related to an object, person, or event.

Behavioural Component

The aspects of psychology related to the actions or reactions of individuals usually in response to external stimuli.

Cognitive Component

Refers to the beliefs, thoughts, and knowledge about the subject at hand, which is a part of an attitude.

Affective Component

The emotional or feeling segment of an attitude, which influences how we react to certain situations or individuals.