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Smart Touch Learning, what is the company's cost of goods sold for January under a periodic inventory system? Assume Smart Touch Learning had 12 tablets
Smart Touch Learning, what is the company's cost of goods sold for January under a periodic inventory system?
Assume Smart Touch Learning had 12 tablets in its beginning inventory, each with a cost of $290. On January 3, Smart Touch Learning purchased 13 tablets at a cost of $313 each, and on January 10 Smart Touch learning purchased another 8 tablets at $322 each. On January 20, the company sold 8 tablets to a customer. If the company is using the weighted-average method, what is the company's cost of goods sold for January under a periodic inventory system? (Round intermediary calculations to the nearest cent and your final answer rounded to the nearest dollar.) O A. $2,320 B. $2,455 OC. $2,504 D. $2,531Step by Step Solution
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