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A company uses the periodic inventory system and had the following activity during the current monthly period. November 1: Beginning inventory November 53 Purchased
A company uses the periodic inventory system and had the following activity during the current monthly period. November 1: Beginning inventory November 53 Purchased November 85 Purchased November 16: Sold November 19: Purchased 105 units @ $10 105 units @ $30 55 units @ $22 146 units @ $70 40 units @ $30 Using the weighted-average inventory method, the company's ending inventory would be:
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Financial Accounting
Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M
5th Canadian edition
9781259105692, 978-1259103285
