Olympic Enterprises has the following inventory data: Assuming average cost, what is the cost of goods sold for the June 14 sale? June 1 beginning inventory 5 at $52 unit cost, June 4 purchase 10 at $55 unit cost, June 7 sale of 12, June 11 purchase 9 at $58 unit cost, June 14 sale of 8.

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Your answer would be 16