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Periodic inventory system

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Reference no: EM133253532

The following units of an inventory item were available for sale during the year:

  Unit Unit Cost
Beginning inventory 14 $55
First purchase 27 60
Second purchase 31 65
Third purchase 15 70

The firm uses the periodic inventory system.  During the year, 65 units of the item were sold.

The value of ending inventory rounded to nearest dollar using average cost is:

Reference no: EM133253532

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