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(Solved) : Option 1 Inventory Entries Practice Exercises Record Purchases Sales Inventory Throughout Q34186027

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Answer to Option #1: Inventory Entries Practice Exercises Below is a record of the purchases and sales of inventory throughout the…

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Option #1: Inventory Entries PracticeExercises

Below is a record of the purchases and sales of inventorythroughout the first four months:

Units

Cost/Price Per Unit

1/1/x7 Beginning Balance

100

$3.50

1/31/x7 Purchase

125

$4.00

2/15/x7 Purchase

250

$4.50

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