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27). A company that uses the perpetual inventory system sold goods to a customer on account on June 14 for $47.60. The company has the

image text in transcribed 27). A company that uses the perpetual inventory system sold goods to a customer on account on June 14 for $47.60. The company has the following inventory information: The company uses the FIFO method of inventory costing. Prepare the journal entry to record the sale and cost of goods sold for the sale of merchandise on June 14

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