Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic...

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Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic inventory system. Det

business accounting

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Answer 1

Answer #1

Total units sold:

= 225 + 175

= 400 units

Cost of goods sold:

= (320 X $17) + (80 X $19)

= $6,960

1st option

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Answer 2

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