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Glasgow Enterprises started the period with 80 units in beginning inventory that cost $2.00 each. During the period, the company purchased inventory items as follows: Glasgow sold 230 units after purchase 3 for $8.10 each.
What is Glasgow's ending inventory under weighted-average? (Round your intermediate computation to 2 decimal places.)
Public Good
Goods that once provided to one consumer, can be accessed by others without additional costs, benefiting the entire community.
Free-rider Problem
A situation where individuals consume a good without paying for it, benefiting from the good or service without contributing to its cost.
Public Good
A good that is non-excludable and non-rivalrous, meaning that its use by one person does not reduce its availability to others and no one can be effectively excluded from using it.
Optimal Level
The most favorable balance or degree of any variable or condition for achieving maximum efficiency or effectiveness.
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