Given the following information, what would the gross margin be for the December 15 sale under the FIFO method in a perpetual inventory system?
A)$1,490
B)$1,545
C)$1,570
D)$2,075

Question

Given the following information, what would the gross margin be for the December 15 sale under the FIFO method in a perpetual inventory system? 
A)$1,490 
B)$1,545 
C)$1,570 
D)$2,075

Quizplus · Accepted Answer

The Answer of Given the following information, what would the gross margin be for the December 15 sale under the FIFO method in a perpetual inventory system? 
A)$1,490 
B)$1,545 
C)$1,570 
D)$2,075

Given the Following Information, What Would the Gross Margin Be