Suppose a company had the following inventory information: Beginning Inventory: 90 units @ $4.00 cost...
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Accounting
Suppose a company had the following inventory information:
Beginning Inventory: 90 units @ $4.00 cost per unit
Purchases: 180 units @ $7.00 cost per unit
If the company then sold 190 units, what would be the amount of ending inventory under the average cost method?
$360
$3,420
$1,140
$480
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