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Jack Company began the accounting period with inventory of 3,000 units at $30 each. During the period, the company purchased an additional 5,000 units at
Jack Company began the accounting period with inventory of 3,000 units at $30 each. During the period, the company purchased an additional 5,000 units at $36 each and sold 4,600 units. Assume the use of periodic inventory procedure. Cost of goods sold using weighted-average is:
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