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Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales: Date August 2 August 18 Units Acquired at Cost Units
Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales: Date August 2 August 18 Units Acquired at Cost Units Sold at Retail 10 units @ $50 = $500 15 units @ $52 E $780 August 29 Activities Purchase Purchase Sales What is the amount of the cost of goods sold for this sale? (Round average cost per unit to 2 decimal places.) Multiple Choice O O $780.00 $604.00 $150.50 12 units sold
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