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Compute the below using the Average Cost method at the end of the month Total Sales * $80,000 $95,000 $110,000 None of the options Ending
Compute the below using the Average Cost method at the end of the month Total Sales * $80,000 $95,000 $110,000 None of the options Ending Inventory Balance * $10,000 $12,600 $13,000 None of the options Cost of Goods Sold * $25,400 $28,000 $31,000 None of the options The entry of June 20 will include Inventory of * $12,000 $15,000 $18,000 None of the options The entry of June 25 will include COGS of * $12,000 $15,000 $18,000 None of the options
X Company uses the perpetual inventory system. The company has made the following purchases and sales transactions for cash during June. Date Transaction Quantity Price/Cost 1 2.300 10 Beginning Inventory Purchase 3 500 12 11 Purchase 500 14 20 Sale 1,500 30 25 Sale 1,000 35 30 Purchase 200 15Step by Step Solution
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