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Three identical units of Item K113 are purchased during July, as shown below. Item K113 Units Cost July 9 Purchase 1 166 17 Purchase 1

Three identical units of Item K113 are purchased during July, as shown below.

Item K113 Units Cost

July 9 Purchase 1 166

17 Purchase 1 179

26 Purchase 1 194

Assume that one unit is sold on July 31 for $266. Determine the ending inventory on July 31 using the average cost method. (Round to the nearest whole dollar)

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