Seminole company began year 2013 with 23000 units of, Accounting Basics

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Seminole company began year 2013 with 23000 units of

Seminole Company began year 2013 with 23,000 units of product in its January 1 inventory costing $15 each. It made successive purchases of its product in year 2013 as follows. The company uses a periodic inventory system. On December 31, 2013, a physical count reveals that 40,000 units of its product remain in inventory.

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