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Take me to the text One Product Company has a fiscal year end on December 31. The company has only one product in inventory,
Take me to the text One Product Company has a fiscal year end on December 31. The company has only one product in inventory, and all units of that product are identical (homogenous). Complete the following schedule to calculate the value of ending inventory using the weighted average cost method under the periodic inventory system in 2018. Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places. Date Purchases Sales Quantity Cost Quantity Cost Quantity Balance Cost Value Jan 27 20 $15.00 $ Feb 14 5 $17 Mar 1 40 $19 Jul 29 35 $20 Average Inventory Sales Required Calculate the cost of goods sold. Cost of Goods Sold = $ 25 $ $
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