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A company has a beginning inventory of $ 20,000 and purchases during the year of $ 160,000. The beginning inventory consisted of 2,000units and 8,000

A company has a beginning inventory of $ 20,000 and purchases during the year of $ 160,000. The beginning inventory consisted of 2,000units and 8,000 units were purchased during the year. 3,880 units remain in ending inventory. The cost of the ending inventory using the average-cost method will be: (Round any intermediary calculations to two decimal places and your final answer to the nearest dollar.)

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