Solution-Calculate amount of cost of sales on the income

Calculate amount of cost of sales on the income statement

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Reference no: EM132547239

Question - A company purchased 120 units for $30 each on 31 January. It purchased 150 units for $35 each on 28 February. It sold 150 units for $50 each from 1 March to 31 December. If the company uses the weighted - average inventory costing method, calculate the amount of cost of sales on the income statement for the year ending 31 December. (Assume the company uses the perpetual inventory system.).

Reference no: EM132547239

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Calculate amount of cost of sales on the income statement

Reference no: EM132547239

Reference no: EM132547239

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