Question: Martin Matthew runs a mobile parts and supplies store. During the 2019-2020 financial year, this store has the following transactions. Ignore GST. Required: Using a

Martin Matthew runs a mobile parts and supplies store. During the 2019-2020 financial year, this store has the following transactions. Ignore GST.

Required:

Using a perpetual system and the moving average method, calculate the cost of the year-end inventory and the cost of sales.

July 1 Aug. 14 Sept.25 Jan. 8 Mar. 3 Apr. 13 Jun. 10 2 Beginning Inventory < Purchased Sold Purchased Purchased Sold Sold 10 20 < 16 15 54 20 54 @ $115 $1,150 < @ $100 = $2,000 < = @ $125 $1,875 < @ $130 = = $650 (

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