Determine what is the amount of ending inventory

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Reference no: EM132088316

Question: XYZ Company uses the periodic inventory system. For the current month, the beginning inventory consisted of 360 units that cost $65 each. During the month, the company made two purchases: 540 units at $68 each and 270 units at $70 each. Chess Top also sold 900 units during the month. Using the average cost method, what is the amount of ending inventory?

Reference no: EM132088316

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