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Calculate the weighted average unit cost, ending inventory for FIFO, LIFO,AVERAGE-COST Grouper Corp. uses a...

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Accounting

Calculate the weighted average unit cost, ending inventory for FIFO, LIFO,AVERAGE-COST

Grouper Corp. uses a periodic inventory system. Its records show the following for the month of May, in which 68 units were sold.

Date

Explanation

Units

Unit Cost

Total Cost
May 1 Inventory

31

$9

$279
15 Purchase

23

10

230
24 Purchase

38

11

418
Total

92

$927

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