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V comapny uses perpetual inventory method. On January 1, 2018, V comapny 300 units of...

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Accounting

V comapny uses perpetual inventory method. On January 1, 2018, V comapny 300 units of inventory, each unit costing 1 dollar. On January 10, 2018, the company purchased 400 units of inventory, each unit costing 1.5 dollar.

If V comapny uses the weighted average cost flow method to estimate the cost of inventory, what will be the cost of goods sold when selling 400 units of inventory?

choices (1 correct)

450

500

600

514

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