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Determine the cost of the inventory

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Question - The following data were taken from the accounting records of Wrecking Balls, Inc Balance at January 1, 2022; 5,000 balls @ P20

Purchases:

January 10, 2022; 3,200 balls @ P25

January 15, 2022; 5,000 balls @ P28

Sales:

January 5, 2022; 4,500 balls

January 20, 2022; 5,200 balls

If Wrecking Ball uses a periodoc inventory system, determine the cost of the inventory using the periodic average cost flow assumption at January 31, 2022?

Reference no: EM133179843

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