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Alta had beginning inventory of 100 units at $10 each. Purchases during the period were 200 at $11 each, 300 at $13 each, and 150
Alta had beginning inventory of 100 units at $10 each. Purchases during the period were 200 at $11 each, 300 at $13 each, and 150 at $15 each. Sales were 500 units at $20. Using periodic weighted-average inventory:
ending inventory is $2,650.
gross profit is $4,200.
None of these.
All of the above.
cost of goods sold is $6,233.
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