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Perpetual System- Calculating Ending Inventory and Cost of Sales Using Moving Average Upland...

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Accounting

Perpetual System- Calculating Ending Inventory and Cost of Sales Using Moving Average
Upland Co.'s inventory records showed the following data accounted for in a perpetual inventory system.
What is (a) ending inventory on June 30, and (b) cost of goods sold for June, using the moving average method?
-Note: Enter the answers for unit cost in dollars and cents, rounded to the nearest penny. Use the rounded amounts for later calculations.
-Note: Do not use negative signs with any of your answers.
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