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products sold by Learning Tree, Inc., which uses the perpetual inventory system: May 1 On hand, 1,000 units at $2.00 each $2,000 5 Purchased 2,000

products sold by Learning Tree, Inc., which uses the perpetual inventory system: May 1 On hand, 1,000 units at $2.00 each $2,000 5 Purchased 2,000 units at $2.75 each $5,500 10 Sold 2,500 units at $1...

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