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What was the cost of goods sold for the transaction

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Reference no: EM133015007

Problem - A company that uses a perpetual merchandise inventory system made the following cash purchases and sales: (a) On Jan. 9 Purchased 50 units at $10 per unit. (b) On Feb. 5 Purchased 60 units at $12 per unit. (c) On Mar. 27 Sold 55 units for cash at $16 per unit. If the company uses Weighted Average System for Inventory costing, then what was the Cost of Goods Sold for the Mar. 27 transaction.

Reference no: EM133015007

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