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13. During January, a company that uses a perpetual inventory system had beginning inventory, purchases, and sales as follows: Units Cost per unit Begin Inventory

13. During January, a company that uses a perpetual inventory system had beginning inventory, purchases, and sales as follows:

Units

Cost per unit

Begin Inventory

100

12

Jan 5

Sale

50

10

Purchase

70

16

15

Sale

25

25

Sale

35

Find the cost of goods sold and ending inventory using the moving weighted average method of costing rounding calculations to two decimals.

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