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subject categories
business
banking
may 2021
18

Banking Questions and Answers May 18, 2021

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Mac Laren Inc. sells motors and uses a perpetual inventory system. Shown below are Mac Larens purchases during July: Purchase Date Unit purchased Unit cost Total cost July 1 100 90 July 8 150 100 July 31 200 110 Total 450 On July 25, Mac Laren Inc. sold 200 units. 1. Compute the cost of goods sold relating to the sale on July 25 and the ending

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