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You have the following information for Oriole Company for the month ended October 31, 2022. Oriole uses a periodic method for inventory.

2 You have the following information for Oriole Company for the month ended October 31, 2022. Oriole uses a periodic method for inventory.

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 Calculate the weighted-average cost. (Round answer to 3 decimal places, e.g. 5.125.)

 Weighted-average cost per unit _______ 



4 Coronado Industries took a physical inventory on December 31 and determined that goods costing $180,500 were on hand. Not included in the physical count were $27,000 of goods purchased from Sunland Company, FOB, shipping point, and $20,000 of goods sold to Bramble Corp. for $32,000, FOB destination. Both the Sunland purchase and the Bramble sale were in transit at year-end.

 What amount should Coronado report as its December 31 inventory?

 Ending Inventory _______ 


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