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Suppose that Cullumber has the following inventory data: The company uses a periodic inventory system. A physical count of merchandise irwentory on July 31 reveals

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Suppose that Cullumber has the following inventory data: The company uses a periodic inventory system. A physical count of merchandise irwentory on July 31 reveals that there are 30 units on hand. Using the average-cost method, the value of ending inventory is $600. $582. $610. $618

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