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16/05/2020 Client: azharr Deadline: 24 Hours

Greg’s Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March 2015. Greg's Bicycle Shop uses a periodic inventory system.




Using weighted-average cost, calculate ending inventory and cost of goods sold at March 31, 2015. (Round your intermediate and final answers to 2 decimal places.)


  Date Transactions Units Cost per

Unit Total Cost

  March 1 Beginning inventory 20 $160 $ 3,200

  March 5 Sale ($220 each) 15

  March 9 Purchase 10 180 1,800

  March 17 Sale ($270 each) 8

  March 22 Purchase 10 190 1,900

  March 27 Sale ($295 each) 12

  March 30 Purchase 8 210 1,680

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