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Sheffield Company has the following inventory information July 1 Beginning Inventory 30 units at $100 5 Purchases 70 units at $80 14 Sale 30 units

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Sheffield Company has the following inventory information July 1 Beginning Inventory 30 units at $100 5 Purchases 70 units at $80 14 Sale 30 units 21 Purchases 30 units at $90 30 Sale 20 units Assuming that a perpetual inventory system is used, what is the ending inventory (round all calculations to nearest dollar) under the moving average cost method? O $6955 O $6976 O $7043 O $6919

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