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Determine the inventory cost using the average cost method

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Reference no: EM133087492

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

Jan 1 Inventory 11 units at 126

April 15 Purchase 133 units at 116

September 9 Purchase 28 units at 121

There are 46 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: EM133087492

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