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A company purchased 200 units for $60 each on January 31. It purchased 250 units for $30 each on February 28. It sold a total
A company purchased 200 units for $60 each on January 31. It purchased 250 units for $30 each on February 28. It sold a total of 250 units for $50 each from March 1 through December 31. If the company uses the weightedaverage inventory costingmethod, calculate the cost of ending inventory on December 31.(Assume that the company uses a perpetual inventory system. Round any intermediate calculations two decimalplaces, and your final answer to the nearestdollar.)
A.
$8,666
B.
$10,834
C.
$19,500
D.
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