A company's inventory records indicate the following data for the month of July: July 1...
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Accounting
A company's inventory records indicate the following data for the month of July:
July 1 Beginning 380 units at $15 each
July 5 Purchase 270 units at $17 each
July 10 Sale 400 units at $50 each
July 20 Purchase 300 units at $22 each
July 25 Sale 400 units at $50 each
If the company uses the weighted average inventory valuation method and the perpetual inventory system, what would be the cost of its ending inventory? (Round average cost per unit to 2 decimals, and final answer to the nearest dollar.)
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