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Pina Colada Corporation is a multi-product firm. The following information concerns one of its products, the Trinton: Calculate cost of goods sold, assuming Pina Colada
Pina Colada Corporation is a multi-product firm. The following information concerns one of its products, the Trinton:
Calculate cost of goods sold, assuming Pina Colada uses a perpetual inventory system and moving-average cost formula. (Round weighted average cost per unit to 2 decimal places, e.g. 52.75 and final answer to 0 decimal places, e.g. 5,275.)
Date Jan. 1 Feb. 4 Feb. 20 Apr. 2 Nov. 4 Transaction Beginning inventory Purchase Sale Purchase Sale Price/ Quantity Cost 1,700 $12 2,700 17 3,000 31 3,640 22 3,200 34Step by Step Solution
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