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Monarch Company uses a weighted average perpetual Inventory system, and has the following purchases and sales: January 1 January 12 January 20 20 units were

Monarch Company uses a weighted average perpetual Inventory system, and has the following purchases and sales: January 1 January 12 January 20 20 units were purchased at $10 per unit. 12 units were sold. 18 units were purchased at $11 per unit. What is the value of ending Inventory? (Round average cost per unit to 2 decimal places.) Multiple Choice

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