The following information relates to Toby Company Beginning inventory 180 units at $5 each Purchases...
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Accounting
The following information relates to Toby Company
Beginning inventory 180 units at $5 each
Purchases 120 units at $4 each
At the end of the period ,Toby had 70 units left in inventory. Toby sold the remaining units for $23 each. If Toby used the Weighted Average costing model, what is the amount reported as the ending inventory on the Balance Sheet? Do not round until you come to the final answer
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