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R Company had the following purchases and sales of merchandise inventory for the month: January 1: purchased 10 units at $120 January 15: purchased 20
R Company had the following purchases and sales of merchandise inventory for the month: January 1: purchased 10 units at $120 January 15: purchased 20 units at $130 January 25: sold 15 units at retail price of $140 Using the weighted average method, what is the cost of the ending inventory on January 31 ? $1,900 $1,950 $1,800 $2,100
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