Question: QUESTION 3 Use the following data for the next 4 questions Wu Co. uses a periodic inventory system. The beginning inventory and purchases of a

QUESTION 3 Use the following data for the next 4 questions Wu Co. uses a periodic inventory system. The beginning inventory and purchases of a particular product during the year are shown below. Date Units Total Cost AUD 10 Oct 2 Item Beginning inventory Purchase Purchase Purchase Goods Available for Sale $5.000 3,750 2000 0.00 $10.25 Sales during the year consisted of 1.100 units at $20 each $12.00 Refer to the above data. Compute the Gross Margin for the current year based on the FIFO method of inventory valuation A $12,950 B.$11,850 c. $22,000 D. $11,050 QUESTION 4 Click Save and Submit to save and submit. Click Save All A r to save all answers 20 points Save All Answers

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