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Sheridan Games reported the following information for a three-year period: Cullumber Snowboards sells an ultra-lightweight snowboard that is considered to be one of the best
Sheridan Games reported the following information for a three-year period: Cullumber Snowboards sells an ultra-lightweight snowboard that is considered to be one of the best on the market. Information follows for Cullumber's purchases and sales of the ultra-lightweight snowboard in October: (a) Your answer is partially correct. Calculate the cost of goods sold and the ending inventory using FIFO and weighted average, assuming Cullumber uses a perpetual inventory system. (Round the weighted average cost per unit and final answers to 2 decimal places, eg. 5.265.25.)
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