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ABC Inc. sells socks. During February 2016, its inventory records for one brand of its socks were as follows: Quantity Price per pair Total Beginning...

ABC Inc. sells socks. During February 2016, its inventory records for one brand of its socks were as follows:


Quantity Price per pair Total

Beginning Inventory 10 pairs $20.00 = $200

February 6 Purchase 4 pairs $25.00 = $100

February 10 Purchase 5 pairs $27.40 = $137

February 15 Sale     7 pairs  N/A


What is the ending inventory under the weighted-average method. Assume the company used a periodic inventory costing system.

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