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Samson Company had the following balances and transactions during 2012 Beginning inventory March 10 June 10 October 30 10 units at $70 Sold 8 units

Samson Company had the following balances and transactions during 2012 Beginning inventory March 10 June 10 October 30 10 units at $70 Sold 8 units Purchased 20 units at $80 Sold 15 units What would the company's Inventory amount be on the December 31, 2012 balance sheet if the periodic average-costing method is used? (Answers are rounded to the nearest dollar) $554 $490 $540 5537

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