A company uses the periodic inventory system and had the following activity during the current monthly period.

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November 1: Beginning inventory 114 Units @ $30

November 5: Purchased 26 64 Units @ $64

November 8: Purchased 30 Units @ $182

November 16: Sold 115 Units @ $85

November 19: Purchased 30 Units @ $25

Using the weighted-average inventory method, the company's ending inventory would be:

Multiple Choice

$4,029

$3,289

$2,060

$2,810

$1,969

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Financial and Managerial Accounting

ISBN: 978-0132497978

3rd Edition

Authors: Horngren, Harrison, Oliver

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Posted Date: May 11, 2022 02:42 AM

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A company uses the periodic inventory system and had the following activity during the current monthly period.

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Answer 2060 Show your working step by step 114 units 30 3420 26 units 64 1664 30 units 182 5... View the full answer

Financial and Managerial Accounting

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