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May 1 Beginning inventory 10 units @ $160 = $1,600 May 15 Purchase 5 units @ $161 = $805 May 26 Purchase 14 units

May 1 Beginning inventory 10 units @ $160 = $1,600 May 15 Purchase 5 units @ $161 = $805 May 26 Purchase 14 units @ $170 = $2,380

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