Question 12 (4 points)

Retake question

Beginning inventory, purchases and sales data for T-shirts are as follows:

April 3	Inventory	24 units	@	$10
11	Purchase	26 units	@	$12
14	Sale	36 units
21	Purchase	18 units	@	$15
25	Sale	20 units

Assuming the business maintains a periodic inventory system, calculate the ending inventory under Average Cost:

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