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Singleton Company's perpetual inventory records included the following information: Date January 1 Beginning inventory March 4 Purchase September 28 Purchase Number of units sold during
Singleton Company's perpetual inventory records included the following information: Date January 1 Beginning inventory March 4 Purchase September 28 Purchase Number of units sold during the year: 1,060 Number of Units and Unit Cost 380 units @ $16.00 330 units @ $17.00 580 units @ $18.00 Total Cost $ 6,080 5,610 10,440 If Singleton uses the weighted-average cost flow method, its weighted-average cost per unit would be $17.00. True or False True False
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