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What is the cost of goods sold for the period

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Problem 1: A company starts the year with 4 bathtubs at a cost of $100 each. They sell three and then buy three more at $120 each. Finally, they sell two of these and then buy two more at $121 each. What is the cost of goods sold for the period if a moving average system is applied?

Option 1: $600

Option 2: $550

Option 3: $530

Option 4: $590

Reference no: EM132819255

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