Question: Emirates NBD is assessing its inventory valuation using the weighted average cost method. The company started the month of June with 500 units of inventory

Emirates NBD is assessing its inventory valuation using the weighted average cost method. The company started the month of June with 500 units of inventory valued at AED 50 per unit. During the month, 300 additional units were purchased at AED 60 per unit, and 200 units were sold. Calculate the value of ending inventory and the cost of goods sold using the weighted average cost method.

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