Pharoah Company uses a periodic inventory system and its accounting records include the following inventory...
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Accounting
Pharoah Company uses a periodic inventory system and its accounting records include the following inventory information for the month of July: A physical inventory count determined that 620 units were at July 31. (a) Calculate the ending inventory and the cost of goods sold under (1) FIFO and (2) weighted average. (Round the weighted average cost per unit and final answers to 2 decimal places, e.g. 5,275.75.)
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