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Question - Given the following data, calculate the cost of ending inventory using the weighted-average method for a periodic inventory system, rounding to the nearest dollar. (Do not round in the process of your calculations, only round your final answer.)
1/1 Beginning inventory 50 units at $10 per unit
3/5 Purchases 30 units at $14 per unit
5/30 Purchases 25 units at $15 per unit
10/25 Purchases 20 units at $16 per unit
12/31 Ending inventory 45 units
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