Question: Pu4-618 Company uses the weighted average inventory costing method. The company had a beginning inventory of 1,000 units that cost $11.10 each. Purchases were made

 Pu4-618 Company uses the weighted average inventory costing method. The company
had a beginning inventory of 1,000 units that cost $11.10 each. Purchases

Pu4-618 Company uses the weighted average inventory costing method. The company had a beginning inventory of 1,000 units that cost $11.10 each. Purchases were made throughout the year as follows: April: 2,100 units purchased at $11.48 per unit September: 1,800 units purchased at $7.25 per unit November: 1,100 units purchased at $14.10 per unit During the year, 3,700 units were sold to customers at a selling price of $18.00 each. Operating expenses for the year amounted to $1,600 and the income tax rate was 40%. The gross profit reported by Pu4-G18 Company during the year was equal to: O $25,610 O $28.920 O $15.366 $26.150 O $32,625 $27.210 $15.690 $34.225 $27.380 $10.392 $25.780 $28,920 $15,366 O $26,150 O $32,625 O $27,210 $15,690 O $34,225 O $27,380 $16,392 O $25,780 O $27,320 $15,468 $19.575 O $27750 earch

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