Business, 02.03.2020 23:50, westlakebuddy1229
The following information was drawn from the inventory records of Alpha Company as of December 31, Year 2.
Beginning inventory (purchased in Year 1) 200 Units @ $5 each
Purchases made in Year 2 800 Units @ $8 each
Units Sold 900 Units @ $12 each
Which of the following is the amount of the gross margin assuming Alpha uses a FIFO cost flow method?
a) $3,900 b) $6,900 c) $4,200 d) $6,600
Answers: 1
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The following information was drawn from the inventory records of Alpha Company as of December 31, Y...
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