Crane uses the periodic inventory system. For the current month, the beginning inventory consisted of...
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Crane uses the periodic inventory system. For the current month, the beginning inventory consisted of 7000 units that cost $9.00 each. During the month, the company made two purchases: 2800 units at $10.00 each and 11800 units at $10.50 each. Crane also sold 12700 units during the month. Using the average cost method, what is the amount of cost of goods sold for the month?
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