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Assume ShoeFanatic.com began July with 12 units of inventory that cost a total of $204. During July. ShoeFanatic.com purchased and sold goods as follows: July
Assume ShoeFanatic.com began July with 12 units of inventory that cost a total of $204. During July. ShoeFanatic.com purchased and sold goods as follows: July 8- Purchase 36 units @ $18 each July 14 -Sale of 30 units @ $36 each July 22 - Purchase 24 units @ $20 each July 27 -Sale of 36 units @ $36 each Suppose ShoeFanatic.com used the weighted-average inventory costing method and the perpetual inventory system. Compute the weighted-average unit cost of the company's inventory on hand at July 8. Round weighted-average unit cost to the nearest cent. O $17.75 O $19.00 O $17.50 O Cannot be determined from the data given
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