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Duo Ltd Uses a Periodic Inventory System and Rounds the Average

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Multiple Choice

Duo Ltd uses a periodic inventory system and rounds the average unit cost to the nearest dollar. The following data relates to Duo Ltd for the year ended 30 June 2013:
Duo Ltd uses a periodic inventory system and rounds the average unit cost to the nearest dollar. The following data relates to Duo Ltd for the year ended 30 June 2013:   The cost of ending inventory using the weighted average cost method (rounded to the nearest dollar)  is: A)  $459 B)  $465 C)  $499 D)  $483
The cost of ending inventory using the weighted average cost method (rounded to the nearest dollar) is:

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Definitions:

Double Blind

A study or experiment setup where neither the participants nor the experimenters know who is receiving a particular treatment, to prevent bias.

Placebo

An inert or innocuous substance typically used as a control in clinical trials to test the efficacy of treatments.

Experimental Drug

A pharmaceutical compound that is in the process of being tested in preclinical or clinical trials to assess its safety and efficacy.

Full Dose

The complete amount of a medication or vaccine that is prescribed to achieve its intended effect.

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