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Question Morton Company uses the periodic inventory method and had the following inventory information available: 1/1 1/20 7/25 10/20 Beginning Inventory Purchase Purchase Purchase Units

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Morton Company uses the periodic inventory method and had the following inventory information available:

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1/1 1/20 7/25 10/20 Beginning Inventory Purchase Purchase Purchase Units 100 400 200 300 1 ooo $4 $5 $7 Unit Cost Total Cost s 400 2,000 1,400 2,4001

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