What is its cost of goods sold for the quarter

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Problem: The Xu Corporation uses a periodic inventory system. The company has a beginning inventory of 1,650 units at $19 each on January 1. Xu purchases 1,900 units at $18 each in February and 900 units at $20 each in March. There were no additional purchases or sales during the remainder of the year.

Required:

Xu sells 850 units during the quarter. If Xu uses the weighted average method, what is its cost of goods sold for the quarter?

Reference no: EM132420877

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