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In its first month of operations, Cerretti Company made three purchases of merchandise in the following sequence: (1) 300 units at $5.67, (2) 400 units at $7.37, and (3) 500 units at $8.51. Compute the cost of the ending inventory under the average-cost method, assuming there are 300 units on hand.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9980688

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