Question: 9. Olympic Enterprises has the following inventory data: Date Quantity Unit cost June 1 Beginning inventory 5 $52 June 4 Purchase 10 $55 June

9. Olympic Enterprises has the following inventory data: Date Quantity Unit cost June 1 Beginning inventory 5 $52 June 4 Purchase 10 $55 June 7 Sale 12 June 11 Purchase 9 $58 June 14 Sale 8 Assuming average cost, what is the cost of goods sold for the June 7 sale?

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