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2. Under Periodic Weighted Average, compute for the following: a) Cost of goods sold b) Ending inventory c) Sales d) Gross Profit a. Beginning inventory
2. Under Periodic Weighted Average, compute for the following: a) Cost of goods sold b) Ending inventory c) Sales d) Gross Profit a. Beginning inventory 10,000 units at 20 b. Purchased 15,000 units at 21 c. Sold 20,000 units at 35 d. Purchased 35,000 units at 20.5 e. Purchased 15,000 units at 21 f. Sold g. Purchased h. Sold Ending inventory 20,000 units 45,000 units at 36 26,700 units at 21 16,700 units at 37
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