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What ending inventory using the average cost method is

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

  1. 42 units at $106 per unit
  2. 70 units at $80 per unit
  3. 173 units at $70 per unit

Sales for the year totaled 270 units, leaving 15 units on hand at the end of the year.

Question 1: Ending inventory using the average cost method is

Reference no: EM132602202

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