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A company had 260 units of inventory at a cost of $152 each on January 1. On June 5, the company purchased 460 units for $172 each. On November 10, the company purchased 160 units for $212 each. On December 15, the company sold 520 units. Given this information, use the weighted average periodic inventory method to find the ending inventory balance. (Do not round your intermediate calculations; round the final answer to nearest dollar amount.)
Focused Freewriting
A writing strategy involving continuous, nonstop writing for a set period on a specific topic to generate ideas without concern for grammar or spelling.
Financial Management
The practice of planning, directing, controlling, and managing an organization's financial activities, such as procurement and utilization of funds.
Clustering
The task of grouping a set of objects in such a way that objects in the same group (called a cluster) are more similar to each other than to those in other groups.
Associations
Groups or organizations formed by people who share common interests, goals, or purposes.
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