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AP7-3 (Calculation of ending inventory, cost of good sold, and gross margin - perpetual system) At the beginning of its operations in March 2016, Mastiff

AP7-3 (Calculation of ending inventory, cost of good sold, and gross margin - perpetual system)

At the beginning of its operations in March 2016, Mastiff Supplies Ltd began with 7500 units of inventory that is purchased at a cost of $7 each. The company's purchases during March were as follows.

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