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  3. . bonita has the following inventory information.

. Bonita has the following inventory information. July ...

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Accounting

. Bonita has the following inventory information.

July

1

Beginning Inventory

30 units at $ 16

$ 480

7

Purchases

60 units at $ 21

1260

22

Purchases

10 units at $ 20

200

$ 1940

A physical count of merchandise inventory on July 31 reveals that there are 40 units on hand. Using the average-cost method, the value of ending inventory is

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