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Assume Jones Manufacturing begins March with 20 units of inventory that cost $15 each. During March, purchases and goods sold were as follows. March 15
Assume Jones Manufacturing begins March with 20 units of inventory that cost $15 each. During March, purchases and goods sold were as follows.
March 15 | Purchased 25 units at $18 |
30 | Sold 30 units |
Using the moving-weighted-average-cost inventory costing method and the perpetual system, what is the ending Inventory on March 30? Round average cost per unit to the nearest cent and all other amounts to the nearest dollar.
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