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Average cost to establish the cost of sales

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On 1 July an electronic retailer had 73 televisions in stock. Of these, 15 were purchased in March for $58 each, 18 were purchased in April for $52 each, 21 were purchased in May for $63 each and 19 were purchased in June for $68 each. The firm sold 44 televisions in July. What was the firm's cost of sales in July if the firm uses weighted average cost to establish the cost of sales?

Reference no: EM132615974

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