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A new company purchased inventory as follows: March 1 200 units at $ 8.00 March...

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Accounting

A new company purchased inventory as follows:

March 1 200 units at $ 8.00

March 6 300 units at $ 9.00

March 16 200 units at $ 10.00

On March 17 it sold 450 units at $20.00 each. The company uses an average cost, cost flow assumption. Prepare the cost of goods sold section of the Income Statement for the period ended 17 March 2021

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