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Question - A company had the following inventory transactions during the month of December 2019.
Receipts Issues
Dec. 1 1,000 units @ $10 each Dec. 8 2,300 units @ $25 each
Dec. 5 1,500 units @ $15 each
Dec. 10 1,200 units @ $20 each
What is the profit for the month, if the company used the weighted average (AVCO) method of stock valuation?
a. $22,500
b. $27,600
c. $22,000
d. $25,000
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