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A company that uses the perpetual inventory system sold goods to a customer on account on May 7 for $96. The company has the following

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A company that uses the perpetual inventory system sold goods to a customer on account on May 7 for $96. The company has the following inventory information: May1May4May7BeginningInventoryPurchaseSale5unitsat$4each10unitsat$5each12units The company uses the Weighted-Average method of inventory costing. Prepare the journal entry to record the sale on May 7

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