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What is the COGS under the average cost method

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Reference no: EM132944164

Question - John provides the following information for the month of March 2011:

March 1 Beginning Inventory 200 units $15 per unit

March 7 Purchases 300 units $16 per unit

March 18 Purchases 400 units $18 per unit

At the end of the month, 100 units are left unsold. What is the COGS under the average cost method? Choose the best answer closest to your calculations.

Reference no: EM132944164

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