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Consider the following inventory transactions for September. beginning inventory 15 units @ $3.00 purchase on 9/12 20 units @ $3.50 purchase on 9/23 10 units
Consider the following inventory transactions for September.
beginning inventory | 15 units @ | $3.00 |
purchase on 9/12 | 20 units @ | $3.50 |
purchase on 9/23 | 10 units @ | $4.00 |
For the month of September, the company sold 35 units. What is costs of good sold under the average cost method (round the average unit cost to four decimals if necessary before computing the total)?
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