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At the beginning of the current period, Chen carried 1 , 0 0 0 units of its product with a unit cost of $ 3

At the beginning of the current period, Chen carried 1,000 units of its product with a unit cost of $30. A summary of purchases during the current period follows. During the period, Chen sold 2,800 units.
\table[[,Units,Unit Cost,Cost],[Beginning Inventory,1,000,$30,$30,000
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