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Smart Phones, Inc. had the following balances and transactions during 2025. Beginning Inventory 20 units at $75 June 10 Purchased 40 units at $79 December

Smart Phones, Inc. had the following balances and transactions during 2025. Beginning Inventory 20 units at $75 June 10 Purchased 40 units at $79 December 30 Sold 34 units December 31 Replacement cost...

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