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Account Week 7

# Account Week 7 - 30 40 Value of the December 31 inventory...

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Sheet1 Page 1 1) Crest Electronics Purchases Number of Units Cost per Unit Total Cost Inventory Jan. 1 20 100 2000 Purchase 1 50 104 5200 Purchase 2 30 108 3240 Purchase 3 40 116 4640 Purchase 4 40 118 4720 Purchase 5 20 120 2400 22200 Cost of Goods Sold for the year 20 100 50 104 30 108 40 116 30 118 = Value of the December 31 inventory 2400 = 20 *120 1180 = 10 *118 3580 2) Cost of Goods Sold for the year 40 104

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Unformatted text preview: 30 108 40 116 40 118 20 120 Value of the December 31 inventory 2000 = 20 units *100 1040 = 10 units * 104 3040 3) 22200 200 Cost of Goods Sold for the year 18870 = 170 * 111 Value of the December 31 inventory 3330 = 30 units *111 Sheet1 Page 2 2000 5200 3240 4640 3540 18620 4160 3240 4640 4720 2400 19160 111...
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