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The following information relates to the inventory of a bookseller in the records of Bayside Books Ltd, a company registered for GST. All unit prices

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The following information relates to the inventory of a bookseller in the records of Bayside Books Ltd, a company registered for GST. All unit prices below exclude GST. Using a perpetual system and the moving average method, calculate the cost of the year-end inventory and the cost of sales. (Round answers to 2 decimal places, e.g. 52.75.)

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