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Inventory Costing: Average Cost Filimonov Inc. has the following information related to purchases and sales of one of its inventory items: Assume that the company
Inventory Costing: Average Cost Filimonov Inc. has the following information related to purchases and sales of one of its inventory items:
Assume that the company uses a perpetual inventory system. Required: Calculate the cost of goods sold and the cost of ending inventory using the average cost method. (Note: Round per-unit calculations to two decimal places.) Cost of goods sold Cost of ending inventory
cost of goods sold
cost of ending inventory
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