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

QUESTION 4 Use the following data for the next 4 questions VU Co. uses a periodic inventory system. The beginning inventory and purchases of a particular product during the year are shown below: Date Price Total Cost Units 600 Jan. 1 Apr. 18 Aug. 10 Oct. 2 500 Beginning inventory Purchase Purchase Purchase Goods Available for Sale 700 $9.00 $9.50 $10.00 $10.25 $5,400 4,750 7,000 2.050 $19,200 2,000 Sales during the year consisted of 1,100 units at $20 each. Refer to the above data. Compute the gross margin for the current year based on the average-cost method of inventory valuation A $22.000 B. $11,440 c. $11,850 OD. $13,360 Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answe MacBook Pro

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