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7. Canyon City Retail uses the moving average flow assumption. On July 1, there were 150 units on hand and the total inventory cost was
7. Canyon City Retail uses the moving average flow assumption. On July 1, there were 150 units on hand and the total inventory cost was $750. On July 10, 40 more units were purchased at a cost of $6 apiece. Thirty units were sold on July 3 and 60 units were sold on July 17. What was the total cost of the units sold on July 17? a. $728) b. $330 c. $315 d. $312)
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