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Hello! Help is appreciated. Required information [The following information applies to the questions displayed below.] In its first month of operations, Literacy for the lliterate
Hello! Help is appreciated.
Required information [The following information applies to the questions displayed below.] In its first month of operations, Literacy for the lliterate opened a new bookstore and bought merchandise in the following order: (1) 180 units at $5 on January 1. (2) 510 units at $6 on January 8, and (3) 810 units at $7 on January 29. Issuming 900 units are on hand ot the end of the month, calculate the cost of goods available for sale, ending inventory, and cost of joods sold under weighted average cost flow assumptions. Assume a periodic imventory system is used. (Round "Cost per Unit" to 2 lecimal places.) Step by Step Solution
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