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Use the following data to calculate the cost of ending inventory under the average cost method. September 1 Beginning Inventory 20 units at $10 each
Use the following data to calculate the cost of ending inventory under the average cost method.
September 1 | Beginning Inventory | 20 units at $10 each |
September 10 | Purchase | 25 units at $20 each |
September 20 | Purchase | 40 units at $25 each |
September 30 | Ending Inventory | 35 units |
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