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CC7-1 Accounting for Changing Inventory Costs [LO 7-3, LO 7-5] In October, Nicole eliminated all existing inventory of cosmetic items. The trouble of ordering each product line had exceeded the profits earned. In December, a spa kit. Feeling she could manage a single product line, Nicole agreed. Nicole's Getaway Spa (NGS) would make monthly purchases from the supplier at a cost that included production costs and a transportation charge. NGS would keep track of its new inventory using a perpetual inventory system. and tracking supplier asked her to sell a prepackaged at $8.2 at $10.00 per unit. In unit. On December 31, NGS purchased 15 units at a total cost of $6.60 per unit. Nicole purchased 20 more units 0 in February. In March, Nicole purchased 10 units at $10.20 per unit. In May, 40 units were purchased June, NGS sold 40 units at a selling price of $12.20 per unit and 35 units at $10.20 per CC7-1 Accounting for Changing Inventory Costs [LO 7-3, LO 7-5] In October, Nicole eliminated all existing inventory of cosmetic items. The trouble of ordering each product line had exceeded the profits earned. In December, a spa kit. Feeling she could manage a single product line, Nicole agreed. Nicole's Getaway Spa (NGS) would make monthly purchases from the supplier at a cost that included production costs and a transportation charge. NGS would keep track of its new inventory using a perpetual inventory system. and tracking supplier asked her to sell a prepackaged at $8.2 at $10.00 per unit. In unit. On December 31, NGS purchased 15 units at a total cost of $6.60 per unit. Nicole purchased 20 more units 0 in February. In March, Nicole purchased 10 units at $10.20 per unit. In May, 40 units were purchased June, NGS sold 40 units at a selling price of $12.20 per unit and 35 units at $10.20 per

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