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THE Company employs a periodic inventory system and sells its inventory to customers for $10 per unit. THE Company had the following inventory information available

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THE Company employs a periodic inventory system and sells its inventory to customers for $10 per unit. THE Company had the following inventory information available for the month of May: May 1 Beginning inventory 280 units @ $3.80 cost per unit May 6 Purchased 350 units @ $4.90 cost per unit May 8 Purchased 240 units @ $4.10 cost per unit May 14 Sold 410 units May 19 Purchased 400 units @ $5.75 cost per unit May 23 Sold 270 units May 27 Sold 120 units May 29 Purchased 230 units @ $3.90 cost per unit The dollar amount of ending inventory shown on THE Company's May 31 balance sheet using the weighted average method was equal to: $3.066 $3.248 $3,476 v $3,484 $3.712 $3,894 $4,106 $4.288 $4,524 $4730

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