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content area top Part 1 A company has the following inventory information and uses the periodic? system: May 1 Beginning Inventory 11 units at $

content area top Part 1 A company has the following inventory information and uses the periodic? system: May 1 Beginning Inventory 11 units at $ 3 each May 4 Purchase 12 units at $ 4 each May 7 Sale 15 units The company uses the weightedminusaverage method of inventory costing. What is the cost of merchandise? sold

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