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What amount should etsy report as cost of goods

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Problem 1: Etsy Co. uses a periodic inventory system. The following are inventory transactions for the month of January: 1/1 Beginning inventory 10,000 units at $3 1/5 Purchase 5,000 units at $4 1/15 5,000 units at $5 1/20 Sales at $10 per unit 10,000 units. Etsy uses the average pricing method to determine the value of its inventory . What amount should Etsy report as cost of goods on its income statement for the month of January

Reference no: EM132835292

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