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Novak Company Inc. had a beginning inventory of 104 units of Product RST at a...

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Accounting

Novak Company Inc. had a beginning inventory of 104 units of Product RST at a cost of $6 per unit. During the year, purchases were:

Feb. 20

 624 units at $7

Aug. 12

 416 units at $9

May 5

 520 units at $8

Dec. 8

 208 units at $10

Novak Company uses a periodic inventory system. Sales totaled 1,560 units.

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