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Exercises 4.19 through 4.25 are based on the following information The Downtown Appliance Center, Inc. is a retailer of consumer appliances. One of its products

Exercises 4.19 through 4.25 are based on the following information The Downtown Appliance Center, Inc. is a retailer of consumer appliances. One of its products is the Auto-Off Iron which had the following beginning inventory, purchase, and sales history during the current year: Total Cost $161 $364 $270 $795 # of Irons 7 January 1 inventory May 6 purchases November 10 purchases Available for sale $23 $26 $30 14 30 December 31 inventory 10

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