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A company just began business and made the following four inventory purchases in June: June 1 150 units $990 June 10 200 units 1,344 June

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A company just began business and made the following four inventory purchases in June: June 1 150 units $990 June 10 200 units 1,344 June 15 200 units 1,368 June 28 150 units 1,062 $4,764 A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand. Using the average-cost method, the amount allocated to the ending inventory on June 30 is $1,320 $1,361 $1,344. $1,416

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