The following information is available for Moratti Company: Beginning inventory 800 units at $7 First...
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Accounting
The following information is available for Moratti Company: Beginning inventory 800 units at $7 First purchase 700 units at $9 Second purchase 500 units at $12 Assume that Moratti uses a periodic inventory system and that there are 580 units left at the end of the month. Required: Compute the cost of ending inventory under the Average-Cost method. Fill in the blanks Ending inventory units Average unit cost Ending inventory cost
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