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Determine the company ending inventory

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Question - Inventory data for ABC Company for the year ended December 31, 2021, are as follows:

Beginning inventory 10 units at $15 each

Transaction 1 - Purchase: 6 units at $16 each

Transaction 2 - Purchase: 3 units at $17 each

Transaction 3 - Sales: 5 units

Transaction 4 - Sales: 1 unit

Transaction 5 - Purchase: 4 units at $18 each

Transaction 6 - Sales: 2 units

ABC Company uses a perpetual inventory system, and weighted average method of cost determination. Determine i) the Company's ending inventory, and ii) its cost of goods sold for the year.

Reference no: EM133027777

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