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Question 1: Determine the ending inventory using the periodic inventory system and the weighted average cost method (rounded to the nearest cent), assuming that 18 units were sold at a price of $14.
Date Item Units Cost Total
June 1 Beginning inventory 6 $5 $30
June 12 Purchase 10 6 60
june 18th Purchase 8 7 56
Totals 24 - $146
a. $145.92
b. $36.48
c. $56.00
d. $109.44
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