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Find the ending inventory using the average cost method

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Question - Fulbright Corp. uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases (listed in chronological order of acquisition):

-44 units at $104 per unit

-74 units at $86 per unit

-173 units at $57 per unit

Sales for the year totaled 267 units, leaving 24 units on hand at the end of the year.

Required - Find the ending inventory using the average cost method?

Reference no: EM132849713

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