Given the following data, calculate the cost of goods sold for the 1115 sale using the weighted
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Question:
Given the following data, calculate the cost of goods sold for the 1115 sale using the weighted - average method for a perpetual inventory system, rounding to the nearest dollar (do not round in the process of your calculations, only round your final answer)
1/1....................... beginning inventory 50 units at $10 per unit
3/5 ....................... purchases 30 units at $14 per unit
4/15 .....................sale 20 units at $30 per unit
5/30 .....................purchases 50 units at $15 per unit
11/15 ...................sale 60 units at $32 per unit
12/31 ...................ending inventory 50 units
Related Book For
Macroeconomics Principles and Applications
ISBN: 978-1111822354
6th edition
Authors: Robert E. Hall, Marc Lieberman
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