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The following information relates to Neill's Neckties' inventory records for the year: Beginning Inventory 4 units at $2 Purchase #1 5 units at $5
The following information relates to Neill's Neckties' inventory records for the year: Beginning Inventory 4 units at $2 Purchase #1 5 units at $5 Purchase #2 6 units at $8 Annual Sales= $100 (10 units at $10 each) Calculate the Ending Inventory using the Weighted Average method. *Round to the nearest hundredth (two decimal places).
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