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Novak Ltd. uses the perpetual inventory system and reports the following inventory transactions for the month of June: (a) Determine the cost of goods sold
Novak Ltd. uses the perpetual inventory system and reports the following inventory transactions for the month of June: (a) Determine the cost of goods sold and the cost of the ending inventory using (1) FIFO and (2) average cost. (Round average cost per unit and final answers to 2 decimal places, e.g. 1.25 or 5,275.25
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