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Compute the following? Computer the January 31 ending inventory and cost of goods sold for January, assuming Denver uses average cost and a periodic inventory
Compute the following?
Computer the January 31 ending inventory and cost of goods sold for January, assuming Denver uses average cost and a periodic inventory system. January 1 balance, 520 units @ $.50 26,000 Purchases: January 10: 520 units $55 January 20: 1,040 units $59 Sales: January 12: 780 units January 28: 770 units Step by Step Solution
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