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Requlred Information [ The following information applies to the questions displayed below. ] Hernming Company reported the following current - year purchases and sales for

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[The following information applies to the questions displayed below.]
Hernming Company reported the following current-year purchases and sales for its only product.
\table[[Date,Activities,Units,Acquired at,Cost,,Units Sold at,Retail],[January 1,Beginning inventory,200 units,e $10,=,$2,000,,],[January 10,Sales,,,,,150 units,c $40
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