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In its first month of operations, Crane Company made three purchases of merchandise in the following sequence: ( 1 ) 3 5 0 units at

In its first month of operations, Crane Company made three purchases of merchandise in the following sequence: (1)350 units at $6,(2)400 units at $7, and (3)250 units at $8.
Compute the cost of ending inventory under the average cost method assuming there are 360 units on hand. ( round answer to 0 decimal places e.g.1,250)
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