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The following data apply to the question. Units Price Beginning inventory 200 $1.20 First purchase 400 $1.30 Second purchase 250 $1.40 Sales 550 $2.00 Assuming
The following data apply to the question.
Units | Price | |
Beginning inventory | 200 | $1.20 |
First purchase | 400 | $1.30 |
Second purchase | 250 | $1.40 |
Sales | 550 | $2.00 |
Assuming aweightedaveragecost flow, the amount ofending inventoryreported on the balance sheet would be closest to:
Question 3 options:
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