Question: Peter Co uses a periodic inventory system and purchases (use 4 decimal points for unit cost) for the month of August were: Date Units Unit
Peter Co uses a periodic inventory system and purchases (use 4 decimal points for unit cost) for the month of August were:
| Date | Units | Unit cost $ | |
| Beginning Inventory | 1-Aug | 2600 | 2.5497 |
| Purchase | 10-Aug | 7000 | 3.5917 |
| Purchase | 21-Aug | 2200 | 4.2398 |
| Purchase | 29-Aug | 5400 | 4.1742 |
Sales during the year were 11900 units. Peter Co uses the Weighted Average cost assumption with the periodic inventory method. The value of the cost of sales is:
(In your answer you should include at least 2 decimal places)
Answer:
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