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ABC Company had the following purchases and sales information: Purchases 20 units at $110 January: February: May: November: 20 units at $120 10 units at

ABC Company had the following purchases and sales information: Purchases 20 units at $110 January: February: May: November: 20 units at $120 10 units at $130 Sales 15 units Using the weighted average inventory costing method, what is the value of the cost of goods sold on May? A $1,725 B. $2,670 C $4,240 D. $2,650

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