Question: A client is using and tracking inventory on hand. Last week, they just started buying and selling widgets. They first purchased 5 widgets at $10

A client is using and tracking inventory on hand. Last week, they just started buying and selling widgets. They first purchased 5 widgets at $10 each and then purchased another 5 at $15 each during the week. Today, they're selling a few widgets.


 
What would the cost of goods sold be?

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To calculate the cost of goods sold COGS we need to determine the cost of the widgets that have been ... View full answer

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