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Calculate the cost of ending inventory on December

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Question - A company purchased 500 units for $30 each on January 31. It purchased 250 units for $25 each on February 28. It sold a total of 200 units for $ 70 each from March 1 through December 31. If the company uses the weighted-average inventory costing method, calculate the cost of ending inventory on December 31. (Assume that the company uses a perpetual inventory system. Round any intermediate calculations two decimal places, and your final answer to the nearest dollar.)

Reference no: EM132510680

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