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Flora's Gifts reported the following current-monthly data for its only product. The company uses a periodic inventory system, and its ending inventory consists of 70
Flora's Gifts reported the following current-monthly data for its only product. The company uses a periodic inventory system, and its ending inventory consists of 70 units-55 units from the January 6 purchase, and 15 units from the January 25 purchase. Determine the cost assigned to ending inventory and to cost of goods sold for the following. (Round your average cost per unit to 2 decimal places.)
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