Barker company paid cash to purchase two identical inventory items. the first purchase cost $18.00 cash and the second cost $20.00 cash. barker sold one inventory item for $30.00 cash. based on this information

Barker company paid cash to purchase two identical inventory items. the first purchase cost $18.00 cash and the second cost $20.00 cash. barker sold one inventory item for $30.00 cash. based on this information alone, without considering the effect of income tax:

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Barker company paid cash to purchase two identical inventory items. the first purchase cost $18.00 cash and the second cost $20.00 cash. barker sold one inventory item for $30.0…

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