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Use the Following Information for Questions 62-64

Question 15

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 FIFO cost formula, what is the gross margin for the month closest to? A) $12,100 B) $16,200 C) $16,300 D) $17.100
-If the company uses a perpetual system and the FIFO cost formula, what is the gross margin for the month closest to?


A) $12,100
B) $16,200
C) $16,300
D) $17.100

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