Answer to Question #11931 in Other Economics for jessica
April 1. Feathers Company purchased 100 units at $10.00 per unit. Terms were net 30.
April 10. Sold 75 units to Rambo Co, sales price per unit $12. Terms of the sale were 2/10, n/30.
April 18. Received payment from Rambo Co. within the discount period.
April 20. Purchased 200 units at $8.00 per unit. Terms were net 30.
April 25. Sold 150 units to Tarzan Co., sales price per unit $11. Terms of the sale were 2/10, n/45.
April 28. Purchased 80 units at $9.00 per unit. Terms were net 30.
April 30. Feathers Co. paid the account payable from April 1.
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In addition, I want feathers company gross margin for the period, under FIFO, LIFO and WIEGHTED AVERAGE