Determine what is the cost of the ending inventory

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Problem 1: XYZ Company had 2 units in inventory, at $4 unit-cost. They purchased 9 units, $9 per unit in January and purchased another 2 units, $10 per unit, in July. XYZ ended up with 5 units in its ending inventory (1 unit with a unit cost of $9 and 4 with a unit cost of $10). If XYZ used the average cost method, what is the cost of the ending inventory? Please give your answer to the nearest cent.

Reference no: EM132475898

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