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71. XYZ Corporation uses a FIFO jerpetual inventory system. August 2, 25 units were purchased at SR12 per unit. August 5, 10 units were purchased

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71. XYZ Corporation uses a FIFO jerpetual inventory system. August 2, 25 units were purchased at SR12 per unit. August 5, 10 units were purchased at SR13 per unit August 15,12 units were sold at SR25 per unit. August 18,15 units were purchased at SR14 per unit

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