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! Required information [ The following information applies to the questions displayed below. ] A company reports the following beginning inventory and two purchases for

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[The following information applies to the questions displayed below.]
A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 300 units. Ending inventory at January 31 totals 130 units.
\table[[,Units,Unit cost],[Beginning inventory on January 1,270,$2.50
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