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Problem # 1 [ 2 0 minutes, 1 5 marks ] Kimchi Corporation uses the perpetual inventory system and had the following information available:

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Problem #1[20 minutes, 15 marks]
Kimchi Corporation uses the perpetual inventory system and had the following information available:
\table[[,,Units,Unit Cost,Total Cost],[Jan.1,Beginning inventory,15,$4.00,$60
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