KC Band Supply began August with 400 units of reeds having a unit cost of $2 in inventory. Relevant information is listed as follows: If KC Band Supply uses the average cost method inventory cost flow assumption, what amount will it report as gross profit for August?

Gamegirl inc., has the following transactions during august. august 6 sold 76 handheld game devices for $230 each to ds unlimited on account, terms 2/10, net 60. the cost of the 76 game devices sold, was $210 each. august 10 ds unlimited returned six game devices purchased on 6th august since they were defective. august 14 received full amount due from ds unlimited. required: prepare the transactions for gamegirl, inc., assuming the company uses a perpetual inventory syste