The following information is available for a company's cost of sales over the last five months: Month Units Sold Cost of Sales January 500 $28,000 February 1,000 $34,000 March 1,800 $46,000 April $52,000 2,200 What is the estimated variable cost of sales per unit sold using the high-low method?

When prices are rising (inflation), which costing method would produce the highest value for gross margin? Choose between first-in, first-out (FIFO); last-in, first-out (LIFO); and weighted average (AVG). Evansville Company had the following transactions for the month. Calculate the gross margin for each of the following cost allocation methods, assuming A62 sold just one unit of these goods for $10,000. Provide your calculations. A. first-in, first-out (FIFO) B. last-in, first-out (LIFO) C. weighted average (AVG)

What is the VC of Sales?

Use table information to answer