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ABC Limited, which uses the periodic inventory system, had the following transactions this past February:...

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Accounting

ABC Limited, which uses the periodic inventory system, had the following transactions this past February:

Purchases Feb 1 (Balance): 400 @ $3.20

Feb 3: 1,100 @ $3.10

Feb 7: 600 @ $3.30

Feb 15: 900 @ $3.40

Feb 22: 250 @ $3.50

Sales Feb 2: 300 @ $5.50

Feb 6: 800 @ $5.50

Feb 9: 500 @ $5.50

Feb 10: 200 @ $6.00

Feb 18: 700 @ $6.00

Feb 25: 150 @ $6.00

On a weighted average cost basis, the ending inventory is:

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