Swifty Corporation uses a perpetual inventory system. On November 19, the company sold 630 units....
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Swifty Corporation uses a perpetual inventory system. On November 19, the company sold 630 units. The following additional information is available: Units Unit Cost Total Cost Nov. 1 inventory 350 $11 $3,850 Nov. 15 purchase 440 14 6,160 Nov. 23 purchase 360 16 5,760_ 1,150_ $15,770_
(a) X Your answer is incorrect. Calculate the November 30 inventory and the November cost of goods sold, using the moving-average cost formula. (Round unit cost to 3 decimal places, e.g. 52.754 and final answers to 0 decimal places. e.g. 5,275.
Swifty Corporation uses a perpetual inventory system. On November 19, the company sold 630 units. The following additional information is available: (a) Calculate the November 30 inventory and the November cost of goods sold, using the moving-average cost formula. (Round unit cost to 3 decimal places, e.g. 52.754 and final answers to 0 decimal places. e.g. 5,275.) Cost of goods sold $
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