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The following purchases and sales took place at ODonnell Glassware.
Find the cost of goods sold for the June 10 sale using weighted-average cost valuation and a
perpetual inventory system.Jun 2Purchased 22 cases of glasses on account for $70 per case
(terms 2/10, n/30)Jun 5Purchased 42 cases of glasses on account for $85 per case (terms 3,15,
n/30)Jun 10Sold 35 cases of glasses on account for $135 per case (terms n/30)

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Take me to the textThe following purchases and sales took place at.pdf

  • 1. Take me to the text The following purchases and sales took place at ODonnell Glassware. Find the cost of goods sold for the June 10 sale using weighted-average cost valuation and a perpetual inventory system.Jun 2Purchased 22 cases of glasses on account for $70 per case (terms 2/10, n/30)Jun 5Purchased 42 cases of glasses on account for $85 per case (terms 3,15, n/30)Jun 10Sold 35 cases of glasses on account for $135 per case (terms n/30)