Question: 5 points Save Answer QUESTION 20 Use the information below to determine the sales revenue, cost of goods sold and gross profit that would be

5 points Save Answer QUESTION 20 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 Date Activities Units Acquired at Cost Units Sold at Retall January 1 Purchase 100 units 510 - $1,000 February 5 Purchase 60 units 512 5720 March 16 Sale 40 units 510 For the toolbar, prets ALT=F10 (PC) or ALT-INF10 (Mad BIUS Paragraph Arial 10pt 2 IX III E 2

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