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Berring Sales uses the average-cost method. The partially completed inventory record for January appears below. On January 14, the company sold 10 units. On January 29, the company sold 50 units. Complete the inventory record and calculate the Cost of goods sold for the month of January. (Please round to the nearest whole dollar.)
Relative Value
The importance or worth of something in comparison to other items, based on its utility, rarity, or desirability.
Sales Commission
A sales commission is an incentive paid to salespeople.
National Security Agency
A U.S. government agency tasked with worldwide surveillance, gathering, and analyzing information and data for overseas intelligence and counterespionage functions.
PRISM Program
A surveillance program by the United States National Security Agency (NSA) that collects internet communications from various U.S. internet companies.
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