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Determine the cost of goods sold for the month ended May

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Question - A company uses a perpetual inventory system. On May 1, beginning inventory consists of 10 items at a cost of $10 each. On May 3, 10 items are purchased at $12 each. On May 8, 12 items are sold. On May 15, 10 items are purchased at $14 each. Using the weighted average cost method, determine the cost of goods sold for the month ended May 31?

Reference no: EM133110435

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