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Calculate the ending inventory under average cost

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Question - Beginning inventory, purchases and sales data for T-shirts are as follows:

April 3 Inventory 24 units @$10

April 11 Purchase 26 units @$12

April 14 Sale 36 units

April 21 Purchase 18 units @$15

April 25 Sale 20 units

?Assuming the business maintains a periodic inventory system, calculate the ending inventory under Average Cost?

Reference no: EM133047116

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