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Business, 08.05.2021 01:50 twistedhyperboles
Assume that three identical units of merchandise were purchased during October, as follows:
Units Cost
Oct. 5 Purchase 1 $5
12 Purchase 1 13
28 Purchase 1 15
Total 3 $33
Assume one unit is sold on October 31 for $28. Determine cost of merchandise sold, gross profit, and ending inventory under the average cost method.
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Assume that three identical units of merchandise were purchased during October, as follows:
Units...
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