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Kirtland Corporation uses a periodic inventory system. At the end of the annual accounting period, December 3 1 , the accounting records for the most

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Kirtland Corporation uses a periodic inventory system. At the end of the annual accounting period, December 31, the accounting records for the most popular item in inventory showed the following:
\table[[Transactions,Units,Unit Cost],[Beginning inventory, January 1,360,$5.00
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