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5. A company sells a single product and had the following beginning inventory, purchases, and sales during March. March 6 8 10 12 30 Beginning
5. A company sells a single product and had the following beginning inventory, purchases, and sales during March. March 6 8 10 12 30 Beginning Inventory Purchase Purchase Sale Sale Purchase Number of units I 20 40 50 45 35 25 Cost per unit 8 10 9 13 13 7 Using FIFO and Moving Weighted Average Method, calculate the cost of goods sold and the ending inventory balance.
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