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Coca-Cola Company purchases inventory with the following details: Beginning Inventory: 1,500 units at $5 per unit Purchase on February 1: 2,500 units at $6 per
Coca-Cola Company purchases inventory with the following details:
- Beginning Inventory: 1,500 units at $5 per unit
- Purchase on February 1: 2,500 units at $6 per unit
- Purchase on June 1: 3,000 units at $7 per unit
- Sales for the year: 5,000 units Calculate the cost of goods sold for the year using the weighted average method.
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Ethical Obligations and Decision Making in Accounting Text and Cases
Authors: Steven Mintz, Roselyn Morris
4th edition
978-1259543470, 1259543471, 978-1259730191
