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Use the Following Information for Questions 62-64

Question 5

Multiple Choice

Use the following information for questions 62-64.
A company had the following inventory activity during May: Use the following information for questions 62-64. A company had the following inventory activity during May: -If the company uses a perpetual system and the weighted-average cost formula, what is the gross margin on the May 5 sale closest to? A) $6,100 B) $8,100 C) $8,190 D) $8,550
-If the company uses a perpetual system and the weighted-average cost formula, what is the gross margin on the May 5 sale closest to?


A) $6,100
B) $8,100
C) $8,190
D) $8,550

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