A company has a beginning inventory of $50,000 and purchases during the year of $110,000 The beginning inventory consisted of 1000 units and 7000 units were purchased during the year. The company has 5000 units left at year-end. Under average-cost, what is Cost of Goods Sold? (Round any intermediary calculations to two decimal places and your final answer to the nearest dollar.)

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The Answer of A company has a beginning inventory of $50,000 and purchases during the year of $110,000 The beginning inventory consisted of 1000 units and 7000 units were purchased during the year. The company has 5000 units left at year-end. Under average-cost, what is Cost of Goods Sold? (Round any intermediary calculations to two decimal places and your final answer to the nearest dollar.)

A Company Has a Beginning Inventory of $50,000 and Purchases