Question:Refer to the given image: Hefty & Co. wants to know the effect of different inventory methods on financial statements. Given below is the information about the opening inventory and purchases for the current year. Sales during the year were 2,700 units at $5.00. If they used the weighted-average method, the gross profit would be:
A $3,255
B $3,415
C $10,245
D $13,500
+ AnswerC
+ Explanation
+ Report