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Petra's Frame Company just began business and made the following four inventory purchases in May: A physical count of merchandise on May 31 reveals that

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Petra's Frame Company just began business and made the following four inventory purchases in May: A physical count of merchandise on May 31 reveals that there are 210 units on hand. Using the average cost method, the amount allocated to cost of goods sold on May 31 is $1,323. $1,260 $1,368. $2,940

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