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Identify the cost of the ending inventory on balance sheet

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Reference no: EM132693313

Assume that we use a perpetual inventory system and that five identical units are purchased at the following four dates and costs:

April 5 $10

April 10 $12

April 15 $14

April 20 $16

April 22 $17

One unit is sold on April 25. The company uses the weighted average inventory costing method.

Problem 1: Identify the cost of the ending inventory on the balance sheet.

Reference no: EM132693313

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