Question: How to solve Use the information below to determine the sales revenue, cost of goods sold and gross profit that would be reported for the

How to solve
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. Show all your work, but you do not need to create a table for this question. 4 points
\table[[January 1:,Purchased 100 units at $10 per unit.],[February 5:,Purchased 60 units at $12 per unit.],[March 16:,Sold 40 units for $16 per unit.]]
How to solve Use the information below to

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