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U Ltd made purchases and sales of inventory in the last three months of operation as follows: Date Oct 1 Nov 3 Dec 7 Nov

U Ltd made purchases and sales of inventory in the last three months of operation as follows:

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Date Oct 1 Nov 3 Dec 7 Nov 6 Dec 3 Dec 20 Units purchased 40 30 50 Units sold 20 45 30 Cost $1.80 $2.00 $2.10 Total $72 $60 $105

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