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Compute the cost of ending inventory

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Question - The following is a record of Novak Company's transactions for the month of May 2017.

May 1 Balance 400 units @ $19. May 10 Sale 310 units @ $40

12 Purchase 550 units @ $25 20 Sale 500 units @ $40

Required - Compute the cost of ending inventory using the moving-average method.

Reference no: EM132664997

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