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A Company Purchased 500 Units for $40 Each on January

question 90

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A company purchased 500 units for $40 each on January 31.It purchased 200 units for $35 each on February 28.It sold a total of 200 units for $50 each from March 1 through December 31.If the company uses the weighted-average inventory costing method,calculate the cost of ending inventory on December 31.(Assume that the company uses a perpetual inventory system.Round any intermediate calculations two decimal places,and your final answer to the nearest dollar.)

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Gender Schema

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