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Exercise814Altira usesaperpetualinventorysystem
Aug.1 Inventoryonhand 2,000units;cost×6.10each×12,200
Aug.8 Purchased10,000unitsfor×5.50each×55,000
Aug.14 Sold8,000unitsfor×12.00each
Aug.18 Purchased6,000unitsfor×5.00each×30,000
Aug.25
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