Question
You have 5 attempts to earn all the points for this graded homework. Assume the following events for a month for Company X: Beginning Balance
You have 5 attempts to earn all the points for this graded homework.
Assume the following events for a month for Company X:
Beginning Balance of Inventory is 400 Units and the cost is $200 per Unit.
October 5 Company X purchases 400 Units at a cost of $220 per Unit.
October 9 Company X sells 600 units for $500 per Unit.
October 17 Company X purchases 200 Units at a cost of $230 per Unit.
October 27 Company X sells 300 units for $500 per Unit.
October 29 Company X purchases 200 units for $250 per Unit.
Use this data to answer all questions.
Using the Perpetual Moving Average, what is the COGS for October?
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