A company uses the periodic inventory system and had
the following activity during the current monthly period.
November 1: | Beginning inventory | 109 Units @ $20 |
November 5: | Purchased | 109 Units @ $22 |
November 8: | Purchased | 59 Units @ $23 |
November 16: | Sold | 162 Units @ $90 |
November 19: | Purchased | 60 Units @ $25 |
Using the weighted-average inventory method, the company's ending
inventory would be:
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