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A company purchases inventory during the year in 4 batches, with unit and price amounts shown below. 5, 200 units were sold after Batch 2
A company purchases inventory during the year in 4 batches, with unit and price amounts shown below. 5, 200 units were sold after Batch 2 was purchased, while 2,000 units were sold after Batch 3 was purchased. Calculate the weighted average price for each unit of inventory. Calculate COGS using the weighted average method. Calculate Ending Inventory using the weighted average method
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