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Inventory records for Dunbar Incorporated revealed the following: Date Transaction Number of Units Unit Cost...

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Question

Accounting

Inventory records for Dunbar Incorporated revealed the following:

Date Transaction Number of Units Unit Cost

Apr. 1 Beginning inventory 590 $ 2.35

Apr. 20 Purchase 450 2.61

Dunbar sold 590 units of inventory during the month. Ending inventory assuming weighted-average cost would be: (Round weighted-average unit cost to 4 decimal places and final answer to the nearest dollar amount.)

Multiple Choice

$1,116.

$1,108.

$1,188.

$1,076.

Answer & Explanation Solved by verified expert
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