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help Principles of Financial Accounting Chapter 5 Intlation vs. veriatum Activity 4: Marley Company sells coffee makers used in business offices. Its beginning imventory of
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Principles of Financial Accounting Chapter 5 Intlation vs. veriatum Activity 4: Marley Company sells coffee makers used in business offices. Its beginning imventory of coffee makers 9315 400 units at $50 per unit. During the year, Marley made two batch purchases of coffee makers. The first was a 500 -unit purchase at $55 per unit; the second was a 600 -unit purchase at $58 per unit. During the period, Marley sold 1,200 coffee makers. Required Determine the amount of product costs that would be allocated to cost of goods sold and ending inventory under each method. Assume all purchases were made with cash. a. Weighted Average Formula: = Computation: = I lea COGS to solve for ending inventory: Principles of Financial Accounting Chapter 5 activity 4 (continued): t.mation from table above repeated here for ease of answarina the ramainina twa nuestinne .. Ending Inventory: units from Purchase =$ Ending Inventory: units from =$ Step by Step Solution
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