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Calculate the value of ending inventory

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Problem - Noise Makers Inc. has the following inventory data:

July 1 Beginning inventory 20 units at $19 $ 380

July 7 Purchases 70 units at $20 $1,400

July 22 Purchases 10 units at $22 $220

A physical count of merchandise inventory on July 30 reveals that there are 40 units on hand. Using the average cost method, calculate the value of ending inventory?

Reference no: EM132465512

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