American Widgets Co. has the following layers of inventory: Beginning inventory: 500 @ $1 = $500 Jan.
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Question:
American Widgets Co. has the following layers of inventory:
Beginning inventory: 500 @ $1 = $500
Jan. purchase: 200 @ $2 = $400
Mar. purchase: 200 @ $3 = $600
What is the average cost per unit after a completed sale on February 14th?
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