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Leading Edge Frame Shop wants to know the effect of different inventory costing methods on its financial statements. The company uses the periodic inventory system.
Leading Edge Frame Shop wants to know the effect of different inventory costing methods on its financial statements. The company uses the periodic inventory system. Inventory and purchases data for June follow. If Leading Edge uses the weighted-average-cost method. The cost of the goods sold will be (Round each step in your solution to two decimal places. Round your final answer to the nearest dollar.) $36, 670. $37, 360. $36.100. $35, 460
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