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Periodic Inventory by Three Methods The units of an item available for sale during the year...

Periodic Inventory by Three Methods

The units of an item available for sale during the year were as follows:

Jan. 1   Inventory 1,050 units @ $138
Feb. 17   Purchase 1,445 units @ $139
Jul. 21   Purchase 1,615 units @ $141
Nov. 23   Purchase 1,150 units @ $141

There are 1,225 units of the item in the physical inventory at December 31. The periodic inventory system is used. Do not round intermediate calculation and round final answer to nearest whole value.

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ekkarill92 answered 2 years ago
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