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What the balance in xoco inventory account on may

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Reference no: EM132708832

XoCo, which begins business in May and uses the perpetual method and moving average costing, shows the following data:

                  Purchases                Sales
May 4       1000                          @ $7
May 11     400                        @ $ 11
May 14       1400                    @ $ 8
May 19      2000                    @ $ 10
May 21        1500                  @ $ 15

Problem 1: What The balance in XoCo's inventory account on May 31 is

Reference no: EM132708832

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