Assuming a perpetual inventory system is used, use the following information to calculate cost of...
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Accounting
Assuming a perpetual inventory system is used, use the following information to calculate cost of goods sold on an average-cost basis.
Dec. 1 Beginning inventory 50 units @ $22
9 Purchases 50 units @ $24
17 Sales 25 units
22 Purchases 75 units @ $27
27 Sales 40 units
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