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Company Z had the beginning inventory of 500 units at $15 each. On February 1 , they purchased an additional 800 units at $18 each.
Company Z had the beginning inventory of 500 units at $15 each. On February 1 , they purchased an additional 800 units at $18 each. On March 15 , they sold 1000 units at $50 each. On June 1 , they purchased another 600 units at $20 each. Lastly, on August 15 , they sold another 500 units at $55 each. Calculate the company's cost of goods sold using average cost. Assume the company uses the periodic method. $25,900 $26,763 $27,900 $26,325
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