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Mary Industries had inventory on November 1 of 5 units at a cost of $20 each. On November 2, Mary purchased 10 units at $22
Mary Industries had inventory on November 1 of 5 units at a cost of $20 each. On November 2, Mary purchased 10 units at $22 each. On November 5, Mary sold 8 units for $55 each. On November 6, Mary purchased 6 units at $25 each. Mary uses a perpetual inventory system.
Using the weighted average method, what is the value of the ending inventory on November 30?
(Round each per unit cost to 2 decimal places and then round your answer to the nearest whole dollar.)
Draw the entire Weighted average schedule to show your answer.
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