Chess Top uses the periodic inventory system. For the current month, the beginning inventory consisted...
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Accounting
Chess Top uses the periodic inventory system. For the current month, the beginning inventory
consisted of 480 units that cost $65 each. During the month, the company made two purchases:
720 un
its at $68 each and 360 units at $70 each. Chess Top also sold 1,200 units during the
month. Using the average cost method, what is the amount of ending inventory and the cost of good sold
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