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Question - Swifty Corporation uses the periodic inventory system. For the current month, the beginning inventory consisted of 480 units that cost $62 each. During the month, the company made two purchases: 715 units at $65 each and 361 units at $67 each. Swifty Corporation also sold 1202 units during the month. Using the average cost method, what is the amount of ending inventory?
$77577.
$76704.
$22847.
$23718.
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