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Compute the cost of the ending inventory

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Reference no: EM132724634

Question - In its first month of operations, Coronado Company made three purchases of merchandise in the following sequence:

(1) 300 units at $6

(2) 500 units at $7

(3) 200 units at $8.

Average unit cost: $6.90.

Required - Compute the cost of the ending inventory under the average-cost method, assuming there are 360 units on hand.

Reference no: EM132724634

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