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Determine the cost of goods sold and the cost of the ending inventory using the average cost formula. (Use unrounded numbers for average cost calculations.

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Determine the cost of goods sold and the cost of the ending inventory using the average cost formula. (Use unrounded numbers for average cost calculations. Round answers to 2 decimal places. e.g 5.52.)

Cost of goods sold $enter the cost of goods sold in dollars rounded to 2 decimal places
Cost of the ending inventory $enter the cost of goods sold in dollars rounded to 2 decimal places
Concord Furniture Ltd. uses a perpetual inventory system and has a beginning inventory, as at June 1, of 510 bookcases at a cost of $138 each. During June, the company had the following purchases and sales of bookcases: Purchases Sales Date Units Unit cost Units Unit price June 6 1,200 $140 10 960 $207 14 1,860 141 16 1,560 212 26 980 142 (a) Screenshot

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