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Inventory Valuation - Weighted Average Method: Requirement: Determine cost of goods sold using the weighted average method. Question: A company has 200 units of inventory

·Inventory Valuation - Weighted Average Method:

  • Requirement: Determine cost of goods sold using the weighted average method.
  • Question: A company has 200 units of inventory purchased at $5 per unit and 300 units purchased at $6 per unit. If the company sold 400 units during the period, what is the cost of goods sold using the weighted average method? 

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