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Crane Company sells leather saddles and equipment for horse enthusiasts. Crane uses the perpetual inventory...

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Accounting

Crane Company sells leather saddles and equipment for horse enthusiasts. Crane uses the perpetual inventory system. The following schedule relates to the company's inventory for the month of May:
\table[[,,,Cost,Sales],[May 1,Beginning inventory,150 units,$82,500,],[5,Sale,100 units,,$71,500
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