Consider the following inventory information from P6-17: The company uses a periodic inventory' system. The year-end inventory
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The company uses a periodic inventory' system. The year-end inventory count indicated 2,500 units in inventor)'.
Required:
a. Compute the weighted-average cost per unit for the period.
b. Using the periodic weighted-average cost (WAC) method, compute the cost of goods sold and the ending inventory for the year.
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...
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