The weighted average cost per unit multiplied by the number of units remaining in inventory determin

The weighted average cost per unit multiplied by the number of units remaining in inventory determin

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The weighted average cost per unit multiplied by the number of units remaining in inventory  determines the ending value of inventory. Subtracting this amount from the cost of goods available  for sale equals the cost of goods sold.
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Unformatted text preview: Cost of Goods Available for Sale $ 7,200- Ending Inventory (100 × $ 16) (1,600) = Cost of Goods Sold $ 5,600 Check the value found for cost of goods sold by multiplying the 350 units that sold by the weighted average cost per unit....
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This note was uploaded on 11/14/2011 for the course ACCT 1310 taught by Professor Staff during the Fall '10 term at Texas State.

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