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What is 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):

 -43 units at $107 per unit

 -71 units at $71 per unit

 -172 units at $61 per unit

Sales for the year totaled 266 units, leaving 20 units on hand at the end of the year.

Required - What is the ending inventory using the average cost method?

Reference no: EM132861726

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