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Use This Inventory Information for the Month of September to Answer

question 133

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Use this inventory information for the month of September to answer the following question.  Sept. 1 Beginning inventory 10 units @ $1205 Purchase 60 units @ $11214 Sale 40 units 21 Purchase 30 units @ $11630 Sale 28 units \begin{array}{rlll}\text { Sept. } &1& \text { Beginning inventory } & 10 \text { units @ } \$ 120 \\&5 & \text { Purchase } & 60 \text { units @ } \$ 112 \\&14 & \text { Sale } & 40 \text { units } \\&21 & \text { Purchase } & 30 \text { units @ } \$ 116 \\&30 & \text { Sale } & 28 \text { units }\end{array}

Assuming that a perpetual inventory system is used,what is ending inventory (rounded) under the average-cost method?


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