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Aug. 1 Inventory on hand-2,000 units; cost $6.10 each.8 Purchased 10,000 units for $5.50 each.14 Sold 8,000 units for $12.00 each.18 Purchased 6,000 units for $5.00 each.25 Sold 7,000 units for $11.00 each.31 Inventory on hand-3,000 units.
Required:
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