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At a lump-sum cost of $72,000, Pratt Company recently purchased the following items for resale: Item No. of Items Purchased Resale Price Per Unit M

At a lump-sum cost of $72,000, Pratt Company recently purchased the following items for resale:

Item

No. of Items Purchased

Resale Price Per Unit

M

4,000

$3.75

N

2,000

12.00

O

6,000

6.00

The appropriate cost per unit of inventory is:

M

N

O

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