Question: OWL Question for Unit 5-1 Inventory costing methods Question Status: 1?? ? V avo/ 11:23 AM Gotiable sells straw hats for $24 each. The April

OWL Question for Unit 5-1 Inventory costing methods Question Status: 1?? ? V avo/ 11:23 AM Gotiable sells straw hats for $24 each. The April inventory purchases are summarized below. Gotiable sold 142 hats at a hat festival on April 28. tes Units Cost each Dollars Beg. Inv. 84 3 252 April 2 75 4 300 n a April 14 66 7 462 April 23 52 416 ure Assume that Gotiable uses the average cost method for inventory costing. What is the average cost of one hat? (Round to the nearest penny (2 decimal points)). What will be the dollar value of the inventory on the April 30th balance Sheet? (Round to the nearest dollar) What will gotiable report as Gross margin for the hats for the month of April? (Round to the nearest dollar) CHECK

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