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Calculate the ending inventory under average cost

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Beginning inventory, purchases and sales data for T-shirts are as follows:

April

3 Inventory. 24 units. @$10

11 Purchase. 26 units. @$12

14 Sale. 36 units

21 Purchase. 18 units. @$15

25 Sale. 20 units

Problem 1: ?Assuming the business maintains a periodic inventory system, calculate the ending inventory under Average Cost

Reference no: EM132956370

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