The Chocolate factory purchased 2 500 units of inventories for $100 000. During the year...
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Accounting
The Chocolate factory purchased 2 500 units of inventories for $100 000. During the year the Company sold 1 500 units at $75 per unit. By the year end the Company had 450 units of inventory and 50 units damaged. The Chief accountants professional judgement is that the damaged units can be sold for $20 each and the rest of the balance for $60 per unit. Calculate the Cost of goods sold.
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