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How to calculate the weighted average cost? From the above data, calculate the ending inventory based on each of the following cost formulas. Assume that
How to calculate the weighted average cost?
From the above data, calculate the ending inventory based on each of the following cost formulas. Assume that perpetual inventory records are kept in units only and average cost is calculated monthly at each month end. (Round intermediate calculations to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 5,275.)Step by Step Solution
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