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Q 1 . Willets Coffee Equipment sells European style coffee makers and uses a perpetual inventory system. Its inventory records show that on June 1

Q1.
Willets Coffee Equipment sells European style coffee makers and uses a perpetual inventory system. Its inventory records show that on June 1, Joe Coffee had 12 units on hand at a cost of $220 each. Transactions related to the purchase and sale of coffee makers in June were as follows:
\table[[,,,Per unit],[Date,Transaction,Units,Cost,Sales price],[June 10,Sale,3,,$510
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