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A Company Reports the Following in Its Inventory Records for June

Question 22

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A company reports the following in its inventory records for June:
A company reports the following in its inventory records for June: During June, the company sold 18 units. Compute the cost of goods sold for June and the June 30 ending inventory balance for this product using the average cost method. During June, the company sold 18 units. Compute the cost of goods sold for June and the June 30 ending inventory balance for this product using the average cost method.

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blured image Average unit cost = $480 / 20...

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