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! Required information Exercise 5-5A (Algo) Effect of inventory cost flow on ending inventory...

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Exercise 5-5A (Algo) Effect of inventory cost flow on ending inventory balance and gross margin LO 5-1
[The following information applies to the questions displayed below.]
The Shirt Shop had the following transactions for T-shirts for Year 1, its first year of operations.
\table[[January 20,Purchased 540 units @ $7=,$3,780
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