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end of may 39000 of inventory on hand. During June, Inventory costing 71000 was purchassed on credit and has yet to be paid. Total sales
end of may 39000 of inventory on hand. During June, Inventory costing 71000 was purchassed on credit and has yet to be paid. Total sales were 53250, where 10650 was paid in cash and rest were recorded to account receivable. The inventory sold was purchased at a cost of 31950. What is the balance of inventory at the beggining of july
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