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Inventory Costing Methods and the Periodic Method McKay & Company experienced the following events in March: Units Unit Cost Total Cost Date Mar. 1 Purchased
Inventory Costing Methods and the Periodic Method McKay & Company experienced the following events in March: Units Unit Cost Total Cost Date Mar. 1 Purchased inventory 100 @ Mar. 3 Sold inventory Mar. 15 Purchased inventory 100 @ Mar. 20 Sold inventory Event $23 $2,300 60 $26 $2,600 40 If McKay & Company uses the weighted-average cost method, calculate the company's cost of goods sold and ending inventory as of March 31 assuming the periodic method. (Round answer to two decimal places, if needed.) Weighted-average cost per unit $ 0 Cost of goods sold Ending inventory 0
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