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Nittany Company uses a periodic inventory system. At the end of the annual accounting period, December 3 accounting records provided the following information for product

Nittany Company uses a periodic inventory system. At the end of the annual accounting period, December 3 accounting records provided the following information for product 1 :
\table[[,Units,Unit cost],[\table[[Inventory, December 31, prior year],[For the current year:]],1,990,$4
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