Calder Company’s inventory records for the most recent year contain the following data:
Beginning inventory Quantity: 10,000
Beginning inventory Unit Cost: $12.00
Purchases during year Quantity: 30,000
Purchases during year Unit cost:$15.00
Calder Company sold a total of 38,000 units during the year.
Using the average-cost method, compute the cost of goods sold. (Round the average cost per unit to the nearest cent.)
 
 

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