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Bluejay Inc.s inventory records show the following data for purchases and sales of units. ...

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Accounting

Bluejay Inc.s inventory records show the following data for purchases and sales of units.

Date Units Unit Cost
November 1 Inventory 3,300 $20.50
November 3 Purchases 30,000 20.80
November 5 Sales 15,000
November 11 Purchases 24,000 21.00
November 18 Sales 25,500
November 28 Purchases 9,000 21.50

Required Assuming that Bluejay maintains a periodic inventory system with a monthly physical count, compute ending inventory on November 30 under the average cost method.

Numerator Denominator Result
Average Cost Answer

Answer

=

Note: Use the result EXACTLY as displayed above in the calculation required for your answer below.

Ending Inventory Answer

Answer & Explanation Solved by verified expert
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