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Weighted Average Cost Flow Method under Perpetual Inventory System Obj. 3 The following units of a particular item were available for sale during the calendar
Weighted Average Cost Flow Method under Perpetual Inventory System Obj. 3 The following units of a particular item were available for sale during the calendar year: The firm uses the weighted average cost method with a perpetual inventory system. Determine the cost of goods sold for each sale and the inventory balance after each sale. Present the data in the form illustrated in Exhibit 5 . Answer of Check Figure: Total cost of goods sold, $390,000
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