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Montour Company uses a perpetual inventory system. It entered into the following calendar-year 201 Purchases and sales transactions. (For specific identification, units sold consist of

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Montour Company uses a perpetual inventory system. It entered into the following calendar-year 201 Purchases and sales transactions. (For specific identification, units sold consist of 600 units from beginning inventory, 300 from the February 10 purchase. 200 from the March 13 purchase, 50 from the August 21 purchase, and 250 from the September 5 purchase.)

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