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Attempt in Progress Marigold Industries has the following activity with one of its inventory items during the current period: Beginning inventory Purchase December 5 Sale
Attempt in Progress Marigold Industries has the following activity with one of its inventory items during the current period: Beginning inventory Purchase December 5 Sale December 11 Purchase December 17 December 26 Sale Units Unit Cost O $495 O $618. $456. $428. 35 85 (45) 65 (75) $8.00 11.00 12.00 Using a perpetual inventory system and the weighted-average cost formula, the cost of goods sold for the December 11 sale was closest to
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