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Calculate the dollar amount of ending inventory

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Reference no: EM133161977

Question - Assume a company had the following information for their inventory:

Date Explanation Units Unit Cost

Jan. 1 Beg. Inventory 100 $10

April 1 Purchase 200 $11

Sept. 15 Purchase 300 $12

Oct. 20 Purchase 400 $13

Nov. 1 Sale 550

Required - Calculate the dollar amount of Ending Inventory using Average Cost.

Reference no: EM133161977

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