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Wildhorse Snowboards sells an ultra-lightweight snowboard that is considered to be one of the best on the market. Information follows for Wildhorse's purchases and sales
Wildhorse Snowboards sells an ultra-lightweight snowboard that is considered to be one of the best on the market. Information follows for Wildhorse's purchases and sales of the ultra-lightweight snowboard in October: Calculate the cost of goods sold and the ending inventory using FIFO and weighted average, assuming Wildhorse uses a perpetual inventory system. (Round the weighted average cost per unit and final answers to 2 decimal places, e.g. 5,265.25.)
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