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Yoakum Company Reported the Following Information Related to Inventory and Sales

Question 81

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Yoakum Company reported the following information related to inventory and sales:
Yoakum Company reported the following information related to inventory and sales: Sold 700 units at $20 each. Calculate the revenue, cost of goods sold, gross margin and inventory balances assuming i) the weighted average inventory cost method ii) FIFO cost method Sold 700 units at $20 each. Calculate the revenue, cost of goods sold, gross margin and inventory balances assuming i) the weighted average inventory cost method ii) FIFO cost method

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