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Given the following data,calculate the cost of ending inventory using the average cost method.(Round any intermediary and final answers to two decimal places. )
Induced Consumption
Consumption that changes in response to changes in income or wealth, as opposed to autonomous consumption, which does not change when income changes.
Disposable Income
The amount of money that households have available for spending and saving after income taxes have been deducted.
Average Propensity
The average tendency of an entity (such as a household) to spend a portion of income; can pertain to consumption or saving.
Disposable Income
Disposable income is the portion of an individual's or household's earnings left over for savings and expenditures after paying off income taxes.
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