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How much will be the gross profit

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Reference no: EM132644546

The following inventory transactions took place on ABC Co. for the current month (arranged in date):

1. Purchase of 1,000 units @ P2.50 each;
2. Purchase of 500 units @ P3.00 each;
3. Sale of 1,100 units with a selling price of P6.00 each;
4. Purchase of 300 units at P3.50 each.

Problem 1: Using moving average, how much will be the gross profit?

Reference no: EM132644546

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