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What value of ending inventory rounded to nearest dollar is

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Reference no: EM133010550

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

                                    Unit                     Unit Cost
Beginning inventory           11                      $55
First purchase                  30                       60
Second purchase              34                       65
Third purchase                 19                        70

Problem 1: The firm uses the periodic inventory system. During the year, 61 units of the item were sold. The value of ending inventory rounded to nearest dollar using average cost is

Reference no: EM133010550

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