Determine the inventory cost using the average cost method

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Reference no: EM132979568

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

Jan 1 Inventory 15 units at 127 April 15 Purchase 141 units at 117 September 9 Purchase 23 units at 132

There are 38 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: EM132979568

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