Problem 1
Company Y has the following inventory data: August 1 Beginning inventory 20 units at $10 8 Purchases 130 units at $15 17 Sale 80 units 25 Purchases 30 units at $20 30 Sale 60 units
Assuming that a perpetual inventory system is used,
1. what is ending inventory (rounded) under the average cost method for August?
2. what is cost of goods sold under the average cost method for August
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Our solar system consists of our star, the Sun, and everything bound to it by gravity — the planets Mercury, Venus, Earth, Mars, Jupiter, Saturn, Uranus and Neptune, dwarf planets such as Pluto, dozens of moons and millions of asteroids, comets and meteoroids.
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