Question: 9. Olympic Enterprises has the following inventory data: Assuming average cost, what is the cost of goods sold for the June 14 sale? DATE QUANTITY

9. Olympic Enterprises has the following inventory data: Assuming average cost, what is the cost of goods sold for the June 14 sale?

DATE QUANTITY UNIT COST TOTAL COST
1-Jun Beginning Inventory 5 $ 52.00
4-Jun Purchase 10 $ 55.00
7-Jun Sale 12
11-Jun Purchase 9 $ 58.00
14-Jun Sale 8

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