Question: Ramirez Corp. uses the periodic inventory system. During its first year of operations, Ramirez made the following purchases ( listed in order of purchase )
Ramirez Corp. uses the periodic inventory system. During its first year of operations, Ramirez made the following purchases listed in order of purchase:
units at $
units at $
units at $
Sales for the year totaled units, leaving units on hand at the end of the year.
Ending inventory using the average cost method rounded is:
$
$
$
$
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