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The following information is available for Yancey company Beginning inventory 600 units at $4 First purchase 900 units for $6 Second purchase 500 units for

The following information is available for Yancey company

Beginning inventory 600 units at $4 First purchase 900 units for $6 Second purchase 500 units for $7.20

Assume that Waldrip uses a periodic inventory system and that there are 700 units left at the end of the month

Make a periodic inventory system

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