Under average cost method, the inventories are valued on the basis of average cost of similar goods available in that specific period. Given: Sale: 600 units, information related to the inventory data is available in the question. To compute: End inventory and cost of goods sold using the average-cost method.

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Chapter 8, Problem 4BE

To determine

Introduction: Under average cost method, the inventories are valued on the basis of average cost of similar goods available in that specific period.

Given: Sale: 600 units, information related to the inventory data is available in the question.

To compute: End inventory and cost of goods sold using the average-cost method.

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