Inventory movements for product X during the last quarter were as follows: January Purchases 10 items at $19.80 each February Sales 10 items at $30 each March Purchases 20 items at $24.50 Sales 5 items at $30 each Opening inventory at 1 January was 6 items valued at $15 each. What would the Gross profit be for the quarter using the weighted average cost method?
A、$135.75
B、$155.00
C、$174.00
D、$483.00
A、$135.75
B、$155.00
C、$174.00
D、$483.00
【参考答案及解析】
Items Unit value Opening inventory 6 15 90 January: purchases 10 19.80 198 16 18 288 February: sales (10) 18 (180) 6 18 108 March: purchases 20 24.50 490 26 23 598 March: sales (5) 23 (115) 21 23 483 Sales(15 x $30)Cost of sales 450 Opening Inventory 90 Purchases 688 Closing Inventory (483) (295) Gross profit 155
Items Unit value Opening inventory 6 15 90 January: purchases 10 19.80 198 16 18 288 February: sales (10) 18 (180) 6 18 108 March: purchases 20 24.50 490 26 23 598 March: sales (5) 23 (115) 21 23 483 Sales(15 x $30)Cost of sales 450 Opening Inventory 90 Purchases 688 Closing Inventory (483) (295) Gross profit 155