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Orion Iron Corporation tracks the number of units purchased and sold throughout each year but...

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Accounting

Orion Iron Corporation tracks the number of units purchased and sold throughout each year but applies its inventory costing method at the end of the year, as if it uses a periodic inventory system. Assume its accounting records provided the following information at the end of the annual accounting period, December 31.
\table[[Transactions,Units,Unit Cost],[a. Inventory, Beginning,300,$19
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