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Exercise 6-5A Calculate inventory amounts when costs are declining (LO6-3) [The following information applies to the questions displayed below] During the year, Trombley Incorporated

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Exercise 6-5A Calculate inventory amounts when costs are declining (LO6-3) [The following information applies to the questions displayed below] During the year, Trombley Incorporated has the following inventory transactions. Date Transaction Number of Units Unit Cost Total Cost Jan. 1 Beginning inventory Mar. 4 Purchase Jun. 9 Purchase 225 21 $ 23 $ 483 26 22 572 31 21 651 Nov.11 Purchase 31 19 589 109) $2,295 For the entire year, the company sells 82 units of inventory for $31 each

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