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Ivanhoe Novelty had a beginning inventory balance on July 1 of 3 5 0 units at a cost of $ 3 . 0 0 each.

Ivanhoe Novelty had a beginning inventory balance on July 1 of 350 units at a cost of $3.00 each. During the month, the following inventory transactions took place:
\table[[Purchases,Sales],[Date,Units,Cost per unit,Date,Units,Price per unit],[July 10,1,540,$310,July 2,270,$5.80
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