V comapny uses perpetual inventory method. On January 1, 2018, V comapny 300 units of...
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Accounting
V comapny uses perpetual inventory method. On January 1, 2018, V comapny 300 units of inventory, each unit costing 1 dollar. On January 10, 2018, the company purchased 400 units of inventory, each unit costing 1.5 dollar.
If V comapny uses the weighted average cost flow method to estimate the cost of inventory, what will be the cost of goods sold when selling 400 units of inventory?
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450
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514
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