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A company uses the periodic inventory system and had the following activity during the current monthly period. Units Sold at Retail Date Nov. 1 Nov.
A company uses the periodic inventory system and had the following activity during the current monthly period. Units Sold at Retail Date Nov. 1 Nov. 5 Nov. 8 Nov. 16 Nov. 19 Activities Beginning inventory Purchase Purchase Sales Purchase Units Acquired at Cost 164 units @ $20 = $3,280 132 units @ $22 = $2,904 82 units @ $23 - $1,886 264 units @ $45 82 units @ $25 = $2,050 Using the weighted-average inventory method, the company's ending inventory would be
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