Multiple Choice
The weighted-average cost method is used by Mendez, Inc. Sales are $80,000, the number of units available for sale is 100, the number of units sold during the period is 75, and the weighted-average cost of the goods available for sale is $200 each.
How much is gross profit for the company?
A) $10,000
B) $15,000
C) $20,000
D) $65,000
Correct Answer:
Verified
Correct Answer:
Verified
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