Question: Use the weighted-average (AVG) cost allocation method, with perpetual inventory updating, to calculate (a) sales revenue, (b) cost of goods sold, and c) gross margin

Use the weighted-average (AVG) cost allocation method, with perpetual inventory updating, to calculate (a) sales revenue, (b) cost of goods sold, and c) gross margin for A75 Company, considering the following transactions. Number of Units Unit Cost Beginning inventory 105 $40 Purchased Mar. 2 150 42 Sold Mar. 31 for $75 per unit 88 Solution a) Sales b) - COGS c) = Gross margin

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