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A company just starting business made the following four inventory purchases in June (15 points): A physical count of merchandise inventory on June 30 reveals
A company just starting business made the following four inventory purchases in June (15 points): A physical count of merchandise inventory on June 30 reveals that there are 150 units on hand. Calculate ending inventory at June 30 (units and \$) and the amount allocated to cost of goods sold for June under the following three inventory costing assumptions - show your calculations
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