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Purchases and sales during the period were: Beginning Inventory 200 units @ $1 = $200 Purchases 1/1 900 units @ $2 = $1,800 1/8 500
Purchases and sales during the period were:
Beginning Inventory 200 units @ $1 = $200
Purchases 1/1 900 units @ $2 = $1,800
1/8 500 units @ $3 = $1,500
1,600 units available $3,500
Sales 1,500 units
Ending Inventory 100 units
What is the value of ending inventory if the average cost method is used?
Group of answer choices
$300
$100
$233
$219
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