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Calculate the cost of ending inventory

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Given the following data, calculate the cost of ending inventory using the average cost method. (Round any intermediary and final answers to two decimal places.) 

Date 

Item

Unit 

 1/1 

Beginning inventory 

70 units at $30 per unit 

 3/5

Purchase of inventory 

30 units at $10 per unit 

 5/30 

Purchase of inventory 

10 units at $22 per unit 

 12/31 

Ending inventory

30 units

Reference no: EM133254285

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