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Craighead Products made the following purchases of fuel tanks during the year: 25 at $270 each, 40 at $330 each, 15 at $217 each, and

Craighead Products made the following purchases of fuel tanks during the year: 25 at $270 each, 40 at $330 each, 15 at $217 each, and 30 at $284 each. An inventory shows that 45 fuel tanks remain. Find the inventory value using the weighted-average method.

Answer Key: the result will be 12,978

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