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Calculate the cost of ending inventory

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Question - Use the following data to calculate the cost of ending inventory under 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

a. $400

b. $992

c. $700

d. $875

Reference no: EM133101642

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