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Question 8 Three identical units of Item K113 are purchased during July, as shown below. Item K113 Units Cost July 9 Purchase 1 15117 Purchase

Question 8

Three identical units of Item K113 are purchased during July, as shown below.

Item K113 Units Cost July 9 Purchase 1 15117 Purchase 1 17126 Purchase 1

190

Assume that one unit is sold on July 31 for $247. Determine the ending inventory on July 31 using the average cost method. (Round to the nearest whole dollar)

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