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Novak has the following inventory data: July 1 Beginning inventory 37 units at $73 5 Purchases 220 units at $68 14 Sale 146 units

Novak has the following inventory data: July 1 Beginning inventory 37 units at $73 5 Purchases 220 units at $68 14 Sale 146 units 21 Purchases 110 units at $71 30 30 Sale 102 units Assuming that a perpetual inventory system is used, what is ending inventory (rounded) under the average cost method for July? (Round Intermediate calculations to 3 decimal places, eg. 12.531) O $7625 $8357 O $8313 O $8381

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