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A company began January with 8 , 0 0 0 units of its principal product. The cost of each unit is $ 7 . Inventory

A company began January with 8,000 units of its principal product. The cost of each unit is $7. Inventory transactions for the month of January are as follows:
\table[[,Purchases],[Date of Purchase,Units,Unit Cost*,Total Cost],[January 10,6,000,$8,$48,000
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