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What is the value of ending inventory at the end of january

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Question - Atlantic Corp. uses the perpetual inventory system and the weighted-average inventory costing method. The company reported the following sales and purchase transactions in January:

Date

Transaction

Units

Unit Cost

Unit Sales Price

Jan. 1

Beg. inventory

50

$20

 

Jan. 3

Purchase

30

$24

 

Jan. 6

Sale

60

 

$40

Required - What is the value of ending inventory at the end of January?

Reference no: EM133162271

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