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1 Required information [ The following information applies to the questions displayed below. ] For the current year, Parker Games has the following inventory transactions

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[The following information applies to the questions displayed below.]
For the current year, Parker Games has the following inventory transactions related to its traditional board games. Parker Games uses a periodic inventory system.
\table[[Date,Transactions,Units,Unit Cost,Total Cost],[January 1,Beginning inventory,120,$21,$2,520
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