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Remaining Time: 1 hour, 01 minute, 10 seconds. * Question Completion Status: Question 17 5 points Ace Systems, Inc. uses a perpetual inventory system. The

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Remaining Time: 1 hour, 01 minute, 10 seconds. * Question Completion Status: Question 17 5 points Ace Systems, Inc. uses a perpetual inventory system. The company's beginning inventory of a particular product and its purchases during the month of January were as follows: Quantity Unit Cost Total Cost Beginning inventory an. 1).................. 10 $27.50 $275 Purchase an. 15). 15 520.00 5420 Purchase an. 23) 5 529.00 $145 Total 30 5840 On January 28. Ace Systems sells 18 units of this product for the unit price 532. The other 12 units remain in inventory at January 31 Assuming that Ace Systems uses the average cost flow assumption, the cost of goods sold to be recorded at January 28 is 5504 5570 DELL Purchase (Jan. 23). $29.00 $145 Total 30 5840 On January 28, Ace Systems sells 18 units of this product for the unit price 532. The other 12 units remain in inventory at January 31, Assuming that Ace Systems uses the average cost flow assumption, the cost of goods sold to be recorded at January 28 is: $504 5576 5336 5499 mong to another question will save this response DELL

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