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In its first month of operations, Coronado Industries made three purchases of merchandise in the...

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Accounting

In its first month of operations, Coronado Industries made three purchases of merchandise in the following sequence: (1) 260 units at $8, (2) 360 units at $10, and (3) 460 units at $11. Assuming there are 160 units on hand at the end of the period. Compute the cost of the ending inventory under the average-cost method. (Round answer to 0 decimal places, e.g. 5,275.)

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