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Determine the inventory cost using the average cost method

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Reference no: EM132819417

The units of an item available for sale during the year were as follows:

Jan 1 Inventory 10 units at 129

April 15 Purchase 134 units at 116

September 9 Purchase 28 units at 127

Problem 1: There are 33 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using the average cost method.

Reference no: EM132819417

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