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Beginning inventory, purchases, and sales for an inventory item are as follows: Dec 1 Beginning inventory 45 units @ $14 4 Sale 20 units 15

Beginning inventory, purchases, and sales for an inventory item are as follows: Dec 1 Beginning inventory 45 units @ $14 4 Sale 20 units 15 Purchase 22 units @ $20 31 Sale 28 units Assuming a perpetua...

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