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HuCo begins operations in 20X4, uses the periodic method and makes the following merchandise purchases: 20X4Total units Unit costTotal cost April 900$6$5,400 September 1,30079,100 20X5
HuCo begins operations in 20X4, uses the periodic method and makes the following merchandise purchases:
20X4Total units Unit costTotal cost
April 900$6$5,400
September 1,30079,100
20X5
March1,100 $8$8,800
November500105,000
HuCo, which uses weighted average costing, has 700 units in 20X4 ending inventory. IfHuCo sells 1,600 units in 20X5, what is its 20X5 cost of goods sold (round unit costs in the computation to the nearest penny)?
a) $13,800
b) $11,040
c) $11,760
d) $12,816
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