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A company begins operations on May 1. Purchases and sales for the month of May for the company areas follows (this information pertains to questions

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A company begins operations on May 1. Purchases and sales for the month of May for the company areas follows (this information pertains to questions 14 and 15): May 15 Totals: May 1 May 3 May 5 May 9 50 14 26 Assume the company uses a periodic average cost inventory system. What is the company's ending inventory for Ma $2.705 $3,003 O $2,772 O $3,235

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