Question
Everett Company uses the average cost method to account for inventory and has the following activity...
Everett Company uses the average cost method to account for inventory and has the following activity during the month of March 2017. Units Unit cost Beginning inventory 350 $22.50 Purchase #1 650 18.00 Purchase #2 250 15.00 During March, Everett sold 850 units. Compute the cost of goods sold for March and the ending inventory balance at March 31, 2017.
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