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DEF Corporation uses the weighted average cost method for inventory valuation. The following data is available: Beginning Inventory: 100 units at $10 per unit Purchases:
DEF Corporation uses the weighted average cost method for inventory valuation. The following data is available:
- Beginning Inventory: 100 units at $10 per unit
- Purchases: 200 units at $12 per unit
- Sales: 150 units
Calculate the cost of goods sold and ending inventory.
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