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What the value of ending inventory

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Question - The following units of an inventory item were available for sale during the year:

Beginning inventory 10 units at $55

First purchase 25 units at $60

Second purchase 30 units at $65

Third purchase 15 units at $70

The firm uses the periodic inventory system. During the year, 60 units of the item were sold.

Required - What the value of ending inventory rounded to nearest dollar using average cost?

Reference no: EM133026994

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