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25-11-2022
Business

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Orange-Aide Company has the following inventory data: July 1 7 22 Beginning inventory Purchases Purchases 40 units at $20 140 units at $21 20 units at $22 $ 800 2,940 440 $4,180 A physical count of merchandise inventory on July 30 reveals that there are 50 units on hand. Using the average cost method, the value of ending inventory is $1,100 $1,045 $1,050 $1,070

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