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[The following information applies to the questions displayed below.] Eddy's Fishing...

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Accounting

[The following information applies to the questions displayed below.]
Eddy's Fishing Hole has the following transactions related to its top-selling Shimano fishing reel for the month of June. Eddy's Fishing Hole uses a periodic inventory system.
\table[[Date,Transactions,Units,Unit Cost,Total Cost],[June 1,Beginning inventory,16,$240,$3,840
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