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Periodic Inventory - FIFO, LIFO, and Average Cost
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Periodic Inventory - FIFO, LIFO, and Average Cost
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5. Inventory / Periodic Inventory - FIFO, LIFO, and Average Cost / Problem 5
Problem 5
A company purchased 200 units of inventory at \$8 each and 300 units at \$10 each. What is the average cost per unit?
A
\$8.50
B
\$9.00
C
\$10.00
D
\$9.20
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