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. Round your intermediate calculations to 2 decimal places and final answers to nearest whole dollar.

	Number of Units	Unit Cost
Beginning Inventory	105	$49
Purchased Mar. 2	160	51
Sold Mar. 31 for $70 per unit	83

(a) Sales Revenue	$fill in the blank 1
(b) Cost of Goods Sold	fill in the blank 2
(c) Gross Margin

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