Meanmocha Hardware Has a Periodic Inventory System and Uses the Weighted

question 89

Multiple Choice

Meanmocha Hardware has a periodic inventory system and uses the weighted average method.The company began the month of November with 150 large brass switch plates on hand at a cost of $4.00 each.These switch plates sell for $7.00 each.The following schedule sets forth the purchases of switch plates during November: If Meanmocha sells 570 switch plates for $7.00 each during November,what is the company's gross profit for November (rounded to the nearest dollar) ?

• A)$1,046.
• B)$1,482.
• C)$1,516.
• D)$1,528.

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