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Sarasota inc. has provided you with the following information. This company purchases its inventory from a supplier for cash and has only cash sales. Sarasota

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Sarasota inc. has provided you with the following information. This company purchases its inventory from a supplier for cash and has only cash sales. Sarasota uses the average cost formula in a perpetual inventory system. Increased competition has recently reduced the price of the product. Determine the ending inventory amount for Sarasota. (Round answer to 2 decimal places, e.g. 1.25.) Ending Inventory

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