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Do dollar value of cost of goods sold and ending inventory

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The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31, 2020.

Beginning 521 units @ $88/unit

Feb. 10 265 units @ $85/unit

Aug. 21 145 units @ $98/unit

Stilton Company has two credit sales during the period. The units have a selling price of $148 per unit.

Sales Mar.15 345 units

Sept.10 250 units

Stilton Company uses a perpetual inventory system.

Required:

Problem 1. Do the dollar value of cost of goods sold and ending inventory. (Do not round intermediate calculations. Round "Average cost per unit" to 2 decimal places. Round the final answers to 2 decimal places.)

Reference no: EM132694798

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