Question: Can I get some help for this question please? Erickson Company buys transformers from manufacturers and sells them to utility companies. The units are costly

Can I get some help for this question please?

Can I get some help for this question please? Erickson Company buys

Erickson Company buys transformers from manufacturers and sells them to utility companies. The units are costly and the company keeps track of them by using serial numbers. On April 1, the company had two transformers in stock. Serial Number Unit Cost 2010901 $ 55,000 2010905 $ 59,200 During the month, the company purchased the following two transformers. Serial Number Unit Cost 20101001 $ 51,000 20101002 $ 56,800 Erickson Company sold two transformersserial numbers 2010905 and 20101002during the month of April. The selling price of the transformers was $90,000 per unit. Required 1. Erickson Company uses the specicunitcost method for costing inventory. Why would the company prefer to use this method? 2. Compute the gross margin for Erickson Company for the month oprril. Requirement 1. Erickson Company uses the specic-unit-cost method for costing inventory. Why would the company prefer to use this method? Companies that have E value inventory items and 1 levels of income will often use the specicunitcost method. It is the E accurate measure of matching the cost of inventory with the revenue it generates

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