FNS40217 Certificate IV In Accounting And Bookkeeping - Assessment Activities Tasks

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Good Life Cola Co. buys cola for resale. The company uses a periodic inventory system.

Stock purchases of cola for the month of September were as follows:

Sales revenue for the month of September was $2,150,000.

Required:

Calculate the closing inventory balance using the weighted average cost method. (Show your workings.)
Complete the following Trading Statement for the month:

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