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Venus Wholesale Company started carrying a new product in December. Purchases and sales of this product during the month were: December 20 Purchased 100 units

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Venus Wholesale Company started carrying a new product in December. Purchases and sales of this product during the month were: December 20 Purchased 100 units at $80 per unit. December 26 Sold 80 units. December 28 Purchased 100 units at $90 per unit. Assuming the LIFO Now assumption is in use, the perpetual Inventory records will indicate an ending Inventory of this product of

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