Splish Brothers inc has the following inventory data: 7/1 Beginning inventory 54 units at $20...
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Accounting
Splish Brothers inc has the following inventory data:
7/1 Beginning inventory 54 units at $20 $1,080
7/7 Purchases 190 units at $21 $3990
7/22 Purchases 27 units at $22 $594
A physical count of merchandise inventory on July 30 reveals that there are 68 units at hand. Using the average cost method, the value of ending inventory is? please show work.
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