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Culver Furniture Ltd . uses a perpetual inventory system and has a beginning inventory, as at June 1 , of 5 0 0 bookcases at
Culver Furniture Ltd uses a perpetual inventory system and has a beginning inventory, as at June of bookcases at a cost of $ each. During June, the company had the following purchases and sales of bookcases:
tablePurchasesSalesDateUnits,Unit Cost,Units,Unit Price,June $$
a
Z Your answer is partially correct.
Determine the cost of goods sold and the cost of the ending inventory using the average cost formula. Use unrounded numbers for
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