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Use the following information to answer the question ( s ) below. XYZ Inc. uses the average cost formula in a perpetual inventory system. (

Use the following information to answer the question(s) below.
XYZ Inc. uses the average cost formula in a perpetual inventory system.
(Use unrounded numbers in your calculations but round to the nearest cent for presentation purposes in your answer.)
\table[[June 1,\table[[Beginning],[inventory]],20 units @ $19 per unit],[June 5,Purchase,100 units @ $22 per unit],[June 8,Sale,70 units],[June 9,Purchase,80 units @ 22.31 per unit],[June10,Sale,25 units],[June22,Sale,40 units]]
XYZ Inc. has an ending inventory on June 30 of
Select one:
A. $1,429.90.
B. $1,418.56.
C. $1,370.00.
D. $1,450.15.
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