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undefined Question 2 Take me to the text Not checked Marked out of 8.00 Drago Company has a fiscal year end on December 31. The
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Question 2 Take me to the text Not checked Marked out of 8.00 Drago 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). The opening balance unit price is $16 per unit. Complete the following schedule to calculate the value of ending inventory using the weighted average cost method under the perpetual inventory system. Then calculate the cost of goods sold for the year 2019. Do not enter dollar signs or commas in the input boxes. P Flag question Round all answers to 2 decimal places. Date Sales Purchases Quantity Cost Balance Quantity Value Quantity Cost Jan 6 100 $ Feb 23 37 $17.00 137 $ Mar 12 31 $19.00 168 $ Apr 11 23 $16.77 145 $ Jul 7 29 $21.00 174 $ Sep 29 12 $17.48 162 $ Nov 9 23 $17.48 139 $ Required Contact us! Calculate the cost of goods soldStep by Step Solution
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