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Buddy Company began the period with 100 units in inventory, costing $5 each. During the...

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Accounting

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Buddy Company began the period with 100 units in inventory, costing $5 each. During the period the company purchased 100 units at a cost of $5 each. At the end of the period there were 130 units left on hand. What is the correct amount that should appear on the income statement for the period and on the balance sheet at the end of the period

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