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(Solved): Calculate the cost of goods sold and ending inventory using average cost. (Round average cost per un ...
Calculate the cost of goods sold and ending inventory using average cost. (Round average cost per unit to 2 decimal places, e.g. 1.25 and final answers to 0 decimal places, e.g. 5,125.) Cost of goods sold
$
?Ending inventory
$
?Bramble Limited uses a perpetual inventory system. The inventory records show the following data for its first month of operations: \table[[Date,Explanation,Units,Unit Cost/Price,Total Cost,Balance in Units],[Aug. 2,Purchases,250,
$50,
$12,500,250],[3,Purchases,500,80,40,000,750],[10,Sales,
(300),130,,450],[15,Purchases,900,100,90,000,1,350],[25,Sales,
(310),160,,1,040]]
