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A company uses the periodic average cost inventory method. On August 1, it purchases 5 units units of inventory at $6.50 and on August 20,

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A company uses the periodic average cost inventory method. On August 1, it purchases 5 units units of inventory at $6.50 and on August 20, it purchases 10 units at $7.25. There are 3 units of inventory left at the end of the month. How much is cost of goods sold? $21 $84 $82.50 $105

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