Solution-What the value of ending inventory

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"

	Unit	Unit Cost
Beginning inventory	11	55
First purchase	28	60
Second purchase	31	65
Third purchase	19	70

The firm uses the periodic inventory system. During the year, 65 units of the item were sold.

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

Reference no: EM133079303

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What the value of ending inventory

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