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In its first month of operations, Danielle Company made three purchases of merchandise in the following sequence: (1) 356 units at $7, (2) 475 units at $8, and (3) 237 units at $9. Compute the cost of the ending inventory under the average-cost method, assuming there are 427 units on hand. (Round computation for unit cost to 2 decimal places, e.g. 10.50. Round final answer to 0 decimal places, e.g. 125.)

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9981780

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