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A compary that uses the perpetual inventory system sold goods to a customer on account on May 7 for $40. The compary has the following

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A compary that uses the perpetual inventory system sold goods to a customer on account on May 7 for $40. The compary has the following inventory information: M8y1May4May7BeginninginventoryPurchaseSale6unitsat$1each8unitsat$2each10units The company uses the LIFO method of inventory costing. Which of the following journal entries correctly records the sale on May 7

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