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During 2015, a company sells 500 units of inventory for $90 each. The company has the following inventory purchase transactions for 2015: Calculate cost of
During 2015, a company sells 500 units of inventory for $90 each. The company has the following inventory purchase transactions for 2015: Calculate cost of goods sold and ending inventory for 2015 assuming the company uses weighted-average cost with a periodic inventory system (round weighted-average unit cost to four decimals if necessary)
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