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se this inventory information for the month of August to answer the following question. Aug. 1 Beginning inventory 10 units @ $130 5 Purchase 60
se this inventory information for the month of August to answer the following question.
|
| Aug. | 1 |
| Beginning inventory | 10 units @ $130 |
|
|
| 5 |
| Purchase | 60 units @ $122 |
|
|
| 14 |
| Sale | 40 units |
|
|
| 21 |
| Purchase | 30 units @ $126 |
|
|
| 31 |
| Sale | 28 units |
Assuming that a perpetual inventory system is used, what is ending inventory (rounded) under the
average-cost method?
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