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In class Practice1. Acme has the following information about its inventory.Units Unit Cost BalanceBeginninginventory- May...

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Accounting

In class Practice1. Acme has the following information about its inventory.Units Unit Cost BalanceBeginninginventory- May 1120 $ 3.00120 unitsPurchase- May 22802.80400 unitsSold units May 15300100 unitsPurchase May 204502.20550 unitsUsing a perpetual inventory system, the costs to be assigned to the endinginventory and to goods sold using average cost method are:a. Cost of ending inventory is $1,276 and Cost of Goods sold is $858b. Cost of ending inventory is $858 and Cost of Goods sold is $1,276c. Cost of ending inventory is $885 and Cost of Goods sold is $1,267d. Cost of ending inventory is $1,267 and Cost of Goods sold is $8

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