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Moving average: Units Purchased (Sold) 8,000 $ Unit Cost Transaction 14.00 Beginning inventory Purchase - February 8 23.00 27,000 18,300 Purchase - March 15 28.00
Moving average: Units Purchased (Sold) 8,000 $ Unit Cost Transaction 14.00 Beginning inventory Purchase - February 8 23.00 27,000 18,300 Purchase - March 15 28.00 Average Cumulative Total Cumulative Cost Units Cost Cost Per Unit 8,000 $ 112,000 $ 112,000 $ 14.00 35,000 621,000 733,000 20.94 53,300 512,400 1.245,400 23.37 3,300 (1,168,500) 76,900 23.30 42,800 1.303,500 1,380,400 32.25 54,000 380,800 1,761,200 32.61 31.000 (750,030) 1,011.170 32.62 66,000 1,120,000 2,131,170 32.29 Sale - April 2 23.37 Purchase - April 30 Purchase - July 15 (50,000) 39,500 11,200 33.00 34.00 (23,000) 32.61 Sale - September 1 Purchase - November 9 35,000 32.00 1,918,530 and the cost of goods sold Under the average-cost method, Chris Tinsley's total cost of ending inventory for the year is 2,131,170 Hein me solve this Calculator Get more help
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