Business, 26.03.2020 22:15 Squara

Chocolate Corp. started business in 2007, uses a periodic inventory system and uses the weighted average cost method. During 2007, it purchased 75,000 units of inventory at €12 each and sold 30,000 units for €20 each. In 2008, it purchased another 35,000 units at €14 each and sold 38,000 units for €22 each. Its 2008 cost of sales (€ thousands) was closest to:

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Chocolate Corp. started business in 2007, uses a periodic inventory system and uses the weighted ave...

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