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16 December, 19:54

Inventory records for Dunbar Incorporated revealed the following:

Date Transaction Number

of Units Unit

Cost

Apr. 1 Beginning inventory 550 $2.33

Apr. 20 Purchase 310 2.68

Dunbar sold 560 units of inventory during the month. Ending inventory assuming weighted-average cost would be (Do not round your intermediate calculations. Round weighted-average unit cost to four decimals if necessary. Round your answer to the nearest dollar amount):

$737.

$694.

$817.

$752.

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  1. 16 December, 20:00
    0
    Ending inventory assuming weighted-average cost would be $694

    Solution:

    Given,

    Dunbar sold 560 units of inventory

    Apr. 1 Beginning inventory 550 $2.33

    Apr. 20 Purchase 310 2.68

    Now,

    Ending inventory = 560 - 550 = 10

    = 310 - 10 = 300

    Ending inventory = 300 * $2.33 = $694
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