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Question Description:

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LoBianco Company’s record of transactions for the month of April was as follows. Purchases Purchases Purchases Purchases Purchases Purchases Sales Sales Sales Sales Sales April 1 (balance on hand) 876 @ $6.0 April 3 730 @ $9 4 2,190 @ 6.4 9 1,898 @ 9 8 1,168 @ 6.6 11 876 @ 10 13 1,752 @ 6.8 23 1,752 @ 10 21 1,022 @ 7.1 27 1,314 @ 13 29 730 @ 7.5 6,570 7,738

Answer

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