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[ The following information applies to the questions displayed below. ] The following are the transactions for the month of July. Units Unit Cost Unit

[The following information applies to the questions displayed below.]
The following are the transactions for the month of July.
Units Unit Cost Unit Selling Price
July 1 Beginning Inventory 55 $ 10
July 13 Purchase 27511
July 25 Sold (100) $ 14
July 31 Ending Inventory 230

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