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A company uses the periodic inventory system and had the following activity during the current monthly period. November 1: 118 Units @ $20 118 Units
A company uses the periodic inventory system and had the following activity during the current monthly period. November 1: 118 Units @ $20 118 Units @ $22 68 Units @ $23 198 Units @ $135 105 Units @ $20 Beginning inventory November 5: Purchased November 8: Purchased Sold November 16: November 19: Purchased Using the weighted-average inventory method, the company's ending inventory would be: Multiple Choice $3,664 $4,447 $6,024 $2,360 $4,460
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