Solution-What is the amount of the inventory at the end of

What is the amount of the inventory at the end of the year

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Reference no: EM133044495

Problem - The following lots of a particular commodity were available for sale during the year:

Beginning inventory 10 units at $60

First purchase 25 units at $65

Second purchase 30 units at $68

Third purchase 15 units at $75

The firm uses the periodic system, and there are 25 units of the commodity on hand at the end of the year. What is the amount of the inventory at the end of the year rounded to nearest dollar using the average cost method?

Reference no: EM133044495

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What is the amount of the inventory at the end of the year

Reference no: EM133044495

Reference no: EM133044495

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