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Required information Problem 8-5(Algo) Various inventory costing methods [LO8-1,8-4] [The following information...

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Accounting

Required information
Problem 8-5(Algo) Various inventory costing methods [LO8-1,8-4]
[The following information applies to the questions displayed below.]
A company began January with 8,000 units of its principal product. The cost of each unit is $6. Inventory transactions for the month of January are as follows:
\table[[Date of Purchase,Purchases],[,Units,Unit Cost*,Total Cost],[January 10,6,000,$7,$42,000
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