Question Content Area The following lots of Commodity Z were available for sale during the year. Line

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Question Content Area The following lots of Commodity Z were available for sale during the year. Line Item Description Units and Cost Beginning inventory 12 units at $52 First purchase 19 units at $54 Second purchase 28 units at $21 Third purchase 17 units at $63 The firm uses the periodic inventory system, and there are 22 units of the commodity on hand at the end of the year. What is the ending inventory balance of Commodity Z using the weighted average cost method? Do not round intermediate calculations. Round your answer to the nearest whole dollar. a. $958 b. $1,164 c. $1,144 d. $1,176

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Posted Date: May 18, 2024 11:19 AM

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Question Content Area The following lots of Commodity Z were available for sale during the year. Line

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