Find the value of ending inventory was

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Red Buttons uses a periodic inventory system with the specific identification method of cost assignment.

Date        Units       Unit cost       Beginning inventory

1 July      1,000        $9                 Purchase

12 July    2,000       $11                 Purchase

26 July     1,000        $12

Problem 1: On 27 July 500 units from beginning inventory and 1,000 units from the 12 July purchase were sold. The value of ending inventory was

Reference no: EM132628546

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