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Assume that Bridgeport Company has the following transactions in its first month of operations. Sold Date Feb. 1 Feb. 10 Feb. 21 Feb. 28 Purchases
Assume that Bridgeport Company has the following transactions in its first month of operations. Sold Date Feb. 1 Feb. 10 Feb. 21 Feb. 28 Purchases 1.800 @$3.00 5,400 @ $3.20 Balance 1,800 units 7,200 units 3.600 units 5,400 units 3,600 units 1,800 @$3.60 Bridgeport uses a perpetual inventory system. Compute cost of goods sold and ending inventory at February 28, assuming that Bridgeport uses the moving average cost flow assumption. (Round average cost per unit to 2 decimal places, e.g. 1.28 and final answers to decimal places, e.g. 5,125.) $ Cost of goods sold Ending inventory $ Save for Later Attempts: 0 of 1 used Submit
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