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Lets correct the summary table for the ending inventory value and cost of goods sold ( COGS ) calculation. The table should accurately reflect the
Lets correct the summary table for the ending inventory value and cost of goods sold COGS calculation. The table should accurately reflect the values we calculated earlier:Weighted average cost per unit after all transactions: $Ending inventory value: units $ $Total COGS: $Sales revenue from the first sale: units $ $Sales revenue from the second sale: units $ $Total sales revenue: $Here is the corrected summary table:TransactionUnitsUnit CostTotal CostWeighted Average CostCumulative UnitsValue at Weighted AverageCOGSRevenueBeginning Inventory$$Purchase $$Sale $$$Purchase $$Sale $$$Purchase $$Ending Inventory$$TotalNet$$Please note the COGS figure here is from the initial calculation and should be replaced with the correct figure of $ that was calculated earlier.And, as we calculated before:The gross margin is the total revenue minus the COGS: $ $ $This table provides a corrected view of the inventory transactions and financial figures.
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