Question: Problem 3 (15 points) Assume that Company had the indicated inventory on hand and transactions during January as follows: - Jan. 1 - Had beginning

Problem 3 (15 points) Assume that Company had the indicated inventory on hand and transactions during January as follows: - Jan. 1 - Had beginning inventory of 7 units of the Model A at $65 each. - Jan. 12 - Purchased 8 units of the Model A at $75 each. - Jan. 14 - Purhcased 5 units of the Model A at $85 each. - Jan. 15 - Sold 9 units of the Modeal for $110 each. Compute costs of goods sold and ending inventory for the current year under the average inventory costing method

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