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The following units of an inventory item were available for sale during the year: ...

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Accounting

The following units of an inventory item were available for sale during the year:

Beginning inventory 10 units at $55
First purchase 25 units at $60
Second purchase 30 units at $70
Third purchase 15 units at $75

The firm uses the periodic inventory system. During the year, 60 units of the item were sold.

The value of ending inventory rounded to nearest dollar using average cost is:

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