In its first month of operation. Pina Colada Corp. made three purchases of merchandise in...
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Accounting
In its first month of operation. Pina Colada Corp. made three purchases of merchandise in the following sequence (1) 120 units at $6 (2) 400 units at $7 and (3) 125 units at $8. Assuming there are 300 units on hand, compute the cost of the ending inventory under the average cost method
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