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Detailed comparison of various choices for inventory accounting. Hartison Corporation commenced retailing operations on January 1 , Year 1 . It made purchases of merchandise

Detailed comparison of various choices for inventory accounting. Hartison Corporation commenced retailing operations on January 1, Year 1. It made purchases of merchandise inventory during Year 1 and Year 2 as follows:
\table[[,Quantity Purchased,Unit Price,Acquisition Cost],[1/10/Year 1..............................,1,200,$10,$12,000
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