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Given the following information, determine the cost of goods sold at November 30 using the weighted average perpetual inventory method.
November 3: 15 units were purchased at $8 per unit.
November 11: 18 units were purchased at $9.50 per unit.
November 15: 15 units were sold at $45 per unit.
November 18: 30 units were purchased at $10.75 per unit.
November 30: 20 units were sold at $55 per.
Mutual Fund
An investment program funded by shareholders that trades in diversified holdings and is professionally managed.
Mortgage
A loan used to purchase a property, where the property itself serves as collateral until the loan is paid off.
Investment
The action of allocating resources, usually money, with the expectation of generating an income or profit.
Bond Buyer
An investor who purchases bonds, which are securities that represent a loan made by the investor to the bond issuer.
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