On August 1, Micro Encoders, Inc. had 120 units of a certain software package that cost $6
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Question:
On August 1, Micro Encoders, Inc. had 120 units of a certain software package that cost $6 per unit. During August, the following purchases were made:
August 7 | 60 units @ $9.00 per unit |
15 | 80 units @ $12.00 per unit |
21 | 140 units @ $10.50 per unit |
During August, 300 units were sold. If Micro Encoders uses the weighted average method, the cost of ending inventory would be
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