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

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Suppose that Sunland has the following inventory data; The company uses a periodic inventory system. A physical count of merchandise inventory on July 31 reveals that there are 80 units on hand Using the average-cost method, the value of ending inventory is $1600.$1626.$1552$1648

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