Special Sports Store, which uses the average cost method of valuing inventory, has 52 tennis rackets remaining in inventory. Special purchased tennis rackets over a three month-period as follows: 36 purchased at $15 on January 3, 48 purchased at $15.50 on February 5, and 24 purchased at $16 on March 7 . Compute the value of the ending inventory of tennis rackets at average cost
$803.11 or $802.88
Business
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