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Nicole Corporation uses the periodic inventory system. The following information about its laptop computers is available.
Transaction
Date
Beginning
1/1
Inventory
5/5 Purchase
8/10 Purchase
10/15 Purchase
Number of Units
200
800
1200
Cost per Unit
$30 $32
$35
$36
During 2018, 2,400 laptop computers were sold.
Question 1: What was the ending inventory under the weighted average cost flow assumption?
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