Empire Stores experienced a computer malfunction that accidentally wiped out some of the inventory details for the
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Question:
Empire Stores experienced a computer malfunction that accidentally wiped out some of the inventory details for the month of January. Management was able to partially reconstruct the following spreadsheet for the month of January inventory transactions:
Empire uses the perpetual inventory system and the weighted average cost flow assumption for valuing inventory. All units sold in January were priced at $76.00/unit.
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