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A company uses the periodic inventory system and had the following activity during the current period. Units Unit Cost (RM) 100 20 Beginning inventory Nov
A company uses the periodic inventory system and had the following activity during the current period. Units Unit Cost (RM) 100 20 Beginning inventory Nov 5 purchased 100 22 Nov 8 purchased 50 23 Nov 16 sold 200 45 Nov 19 purchased 50 25 Required: In a periodic inventory system, using the weighted-average inventory method, the company's ending inventory would be RM [A]
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