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The Stilton Company has the following inventory and credit purchases during the fiscal year ended December...

The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31, 2017.

  Beginning 556 units @ $93/unit   
  Feb. 10 290 units @ $90/unit   
  Aug. 21 170 units @ $103/unit   


Stilton Company has two credit sales during the period. The units have a selling price of $153 per unit.

Sales
  Mar. 15 370 units
  Sept. 10 275 units


Stilton Company uses a perpetual inventory system.

Required:
1. Calculate the dollar value of cost of goods sold and ending inventory using

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Expert Solution

ekkarill92 answered 2 years ago
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