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ABC Company uses the perpetual inventory system and the average cost formula. The following information is available for the month of June: Date Explanation Units

ABC Company uses the perpetual inventory system and the average cost formula. The following information is available for the month of June: Date Explanation Units Unit Cost Jun 1 Beginning Inventory 300 $12 Jun 15 Purchase 200 $14 Jun 17 Sale 225 Jun 24 Purchase 500 $15 A list of accounts and their balances at a given time is called

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