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Question 1 1 pts REI purchases inventory from Nike for $25,000 using credit and plans to sell that inventory in the future for $50,000. The

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Question 1 1 pts REI purchases inventory from Nike for $25,000 using credit and plans to sell that inventory in the future for $50,000. The entry that REl records is a Debit to [Select) and a credit to [Select) 1 pts Question 2 REI sells inventory to a customer for $50,000. The inventory originally cost REI $25,000. REI records a debit of [Select] and a credit of [Select] Ipt The following chart provides purchases and sales of inventory. Below is the Inventory activity for your company Date # of Units Unit Cost Total Cost Jan. 2nd Beginning Inv. 60 sto Jan. 5th Purchase 90 $11 Jan. 10th Sell Inventory 130 How many units are available for sale on Jan. 10th? What is the cost of Goods Available for Sale? $ (do not include decimals or a dollar sign)

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