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Eggers Company Reports The Following For The Month Of June.

Date Explanation Units Unit Cost Total Cost June 1 Inventory 120 $6 $720 12 Purchase 370 7 2,590 23 Purchase 200 8 1,600 30 Inventory 230 Compute the cost of the ending inventory under the average-cost method.
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Number of units available for sale = 120 units + 370 units + 200 units = 690 units Cost of goods available for sale = $720 + $2,590 + $1,600 = $4,910 Average cost per unit = $4,910/690 units = $7.1159 per unit Ending inventory = 230 units x $7.1159/unit = $1,637

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