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32. During January, a company that uses a periodic inventory system had beginning inventory, purchases, and sales as follows: Beginning inventory Jan. 5 purchase 10

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32. During January, a company that uses a periodic inventory system had beginning inventory, purchases, and sales as follows: Beginning inventory Jan. 5 purchase 10 sale 15 purchase 25 sale Using the FIFO method, calculate the company's Cost of Goods Sold for the month of January and the value of inventory as of January 31. (10 points)

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