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The firm uses the periodic inventory system and there are 240 units of the item on...

The firm uses the periodic inventory system and there are 240 units of the item on hand at the end of the year. The following units of a particular item were available for sale during the year:

  • Beginning inventory 150 units @ $755
  • Sale 120 units
  • First purchase 400 units @ $785
  • Sale 200 units
  • Second purchase 300 units @ $805
  • Sale 290 units

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ekkarill92 answered 1 year ago
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