Question: ADAPTIVE PRACTICE CH 6 - GRADED 6.2 Inventory Cost Determination Method Gibson Company began August with no inventory of Product BR. Relevant information is listed

ADAPTIVE PRACTICE CH 6 - GRADED 6.2 Inventory Cost Determination Method

Gibson Company began August with no inventory of Product BR. Relevant information

ADAPTIVE PRACTICE CH 6 - GRADED 6.2 Inventory Cost Determination Method Gibson Company began August with no inventory of Product BR. Relevant information is listed as follows: Purchase August 6 August 17 Sale 200 units at $10 per unit 180 units at $24 per unit 400 units at $12 per unit 340 units at $24 per unit Purchase August 21 Sale August 30 If Gibson Company uses the average cost method inventory cost flow assumption, what amount will it report as gross profit for August? O $6,780 O $6,950 O $7,142 O $6,962 Save for Later

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