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Ruby Company sells office supplies and uses the periodic system. Below is a list of purchases and sales for the month of January Date January
Ruby Company sells office supplies and uses the periodic system. Below is a list of purchases and sales for the month of January Date January 1 Beginning inventory January 4 Purchase January 18 Purchase January 31 Ending inventory Inventory Balances Purchases 10 56 40 @ $7 40 O $8 20 units Ruby uses the average cost now assumption. Calculate its January cost of goods sold Cost of goods sold
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