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correct out of Drago Company has a fiscal year end on December 31. The company has only one product in inventory, and all units of
correct out of Drago Company has a fiscal year end on December 31. The company has only one product in inventory, and all units of that product are identical (homogenous). The opening balance unit price is $16 per unit. Complete the following schedule to calculate the value of ending inventory using the weighted average cost method under the perpetual inventory system. Then calculate the cost of goods sold for the year 2019. Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places. Date Purchases Sales Balance Quantity Cost Quantity Cost Quantity Value 1600 Jan 6 100 $ Feb 23 37 $17.00 137 X $ Mar 12 31 $19.00 168 $ Apr 11 23 $16.77 145 Jul 7 29 $21.00 174 $ Sep 29 12 $17.48 162 Nov 9 23 $17.48 139 Required Calculate the cost of goods sold. Cost of Goods Sold = $ Check Note: The "check" button does not submit your attempt.To submit the attempt, go to the en tha 'cubmit land finich button pe here to search
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