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Given the purchases below and ending inventory of 630, determine the cost of goods sold using the weighted-average method. Beginning inventory July 1 purchase October 9 purchase Goods available for sale # of units purchased 170 540 380 1,090 Cost per unit $2.80 $3.30 $3.65 Total cost $476 1,782 1,387 $3,645

Given the purchases below and ending inventory of 630, determine the cost of goods sold using the weighted-average method. Beginning inventory July 1 purchase October 9 purchase Goods available for sale # of units purchased 170 540 380 1,090 Cost per unit $2.80 $3.30 $3.65 Total cost $476 1,782 1,387 $3,645

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Given the purchases below and ending inventory of 630, determine the cost of goods sold using the weighted-average method. Beginning inventory July 1 purchase October 9 purchase Goods available for sale # of units purchased 170 540 380 1,090 Cost per unit $2.80 $3.30 $3.65 Total cost $476 1,782 1,387 $3,645
Transcribed Image Text:Given the purchases below and ending inventory of 630, determine the cost of goods sold using the weighted-average method. Beginning inventory July 1 purchase October 9 purchase Goods available for sale # of units purchased 170 540 380 1,090 Cost per unit $2.80 $3.30 $3.65 Total cost $476 1,782 1,387 $3,645
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