Calculate cost of goods sold and ending inventory: weighted-average cost. (LO 3) Calculate the cost of goods

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Calculate cost of goods sold and ending inventory: weighted-average cost. (LO 3) Calculate the cost of goods sold and the cost of the ending inventory using the weighted average cost flow assumption. Assume periodic record keeping.

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Financial Accounting

ISBN: 9780131492011

1st Edition

Authors: Jane L. Reimers

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Question Posted: Jun 05, 2024 01:06 AM

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Calculate cost of goods sold and ending inventory: weighted-average cost. (LO 3) Calculate the cost of goods

Question:

Sales Beginning inventory Purchases 100 units at $15 per unit 90 units at $6 per unit 60 units at $9 per unit

Step by Step Answer:

Financial Accounting

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