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Oriole Supply Company has the following inventory data: The company uses a periodic inventory system. A physical count of merchandise inventory on July 31 reveals

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Oriole Supply Company has the following inventory data: The company uses a periodic inventory system. A physical count of merchandise inventory on July 31 reveals that there are 40 units on hand. Using the average cost method, the value of ending inventory is \$836. $880. \$856. $840

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