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Ayayai Furniture Ltd . uses a perpetual inventory system and has a beginning inventory, as at June 1 , of 5 0 0 bookcases at

Ayayai Furniture Ltd. uses a perpetual inventory system and has a beginning inventory, as at June 1, of 500 bookcases at a cost of $123 each. During June, the company had the following purchases and sales of bookcases:
\table[[,Purchases,Sales],[Date,Units,Unit Cost,Units,Unit Price],[June,1,160,$125,,],[10,,,$60,$218
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