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USE THE FOLLOWING INFORMATION FOR QUESTIONS #1 - #2: OBX Corp has the following information: OBX uses the Average Cost Method and the Periodic Inventory

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USE THE FOLLOWING INFORMATION FOR QUESTIONS #1 - #2: OBX Corp has the following information: OBX uses the Average Cost Method and the Periodic Inventory System Beginning of year units of inventory 5,000 Beginning of year dollar cost of $4.50 Per unit inventory Purchases made during the year $16,000 23,000 units purchased Total Units Sold 24,000 $8.50 $ Per Unit Sold for All units purchased and sold on account

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