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need help with part c Grouper Inc. has provided you with the following information. This company purchases its inventory from a supplier for cash and

need help with part c

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Grouper Inc. has provided you with the following information. This company purchases its inventory from a supplier for cash and has only cash sales. Grouper uses the average cost formula in a perpetual inventory system. Increased competition has recently reduced the price of the product. Unit Price Date Units Unit Cost $77 Apr. Explanation Beginning inventory Purchases 1 50 6 93 8 $121 15 Sales Purchases Sales Purchases 110 (130) 120 (120) 20 70 20 101 27 58 (c) Your answer is incorrect. On April 30, Grouper learns that the product has a net realizable value of $50 per unit. Determine the amount that ending inventory will be valued at on the April statement of financial position. Ending Inventory Valued at $ e Textbook and Media List of Accounts Save for Later Attempts: unlimited Submit

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