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Conduct an inventory valuation for Google's hardware division using the weighted average cost method. The following data is available for the period: Beginning inventory: 1,000
Conduct an inventory valuation for Google's hardware division using the weighted average cost method. The following data is available for the period:
- Beginning inventory: 1,000 units at $50 per unit.
- Purchases:
- 2,000 units at $55 per unit.
- 3,000 units at $60 per unit.
- Ending inventory: 2,500 units. Calculate the cost of goods sold and ending inventory value. Present your calculations in a table format, and discuss the impact of the valuation method on Google's financial statements.
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