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BusinessCourse Course Content / Module 6/ Module 6 homework Question 1...

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Accounting

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Course Content / Module 6/ Module 6 homework
Question 1
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Applying and Analyzing Inventory Costing Methods
At the beginning of the current period, Chen carried 1,000 units of its product with a unit cost of $40. A summary of purchases during the current period follows. During the period, Chen sold 2,800 units.
\table[[,Units,Unit Cost,Cost],[Beginning Inventory,1,000,$40,$40,000
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