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Inventory Costing: Average Cost Bordeaux Company has the following information related to purchases and sales of one of its inventory items: table [ [
Inventory Costing: Average Cost
Bordeaux Company has the following information related to purchases and sales of one of its inventory items:
tableDate Description,Units Purchased at Cost,Units Sold at RetailJune Beginning Inventory, units @ $$ Purchase units @ $$ Sale units @ $ Purchase units @ $$ units @ $
Assume that Bordeaux uses a perpetual inventory system.
Required:
Cost of goods sold $
Cost of ending
inventory
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