Northfield Company had the following purchases of inventory during the month of December. There were...
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Northfield Company had the following purchases of inventory during the month of December. There were 1,400 units sold during the month. Date Transaction Units Unit Cost 500 $ 4 Beginning 12/1 inventory 12/5 Purchase No. 1 12/18 Purchase No. 2 2 12/24 Purchase No. 3 600 $ 6 500 $8 400 $10 Assume that the company uses the weighted average cost method. What is the dollar amount of the ending inventory on December 31
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