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a. Determine the cost of the goods sold for the September 30 sale b.Determine the inventory on September 30 Beginning inventory, purchases, and sales for
a. Determine the cost of the goods sold for the September 30 sale
Beginning inventory, purchases, and sales for an inventory item are as follows: 22 units @ $12 Sep. 1 Beginning Inventory 5 Sale 13 units 17 Purchase 28 units @ $13 30 Sale 14 units Assuming a perpetual inventory system and the last-in, first-out method: a. Determine the cost of the goods sold for the September 30 sale. b. Determine the inventory on September 30. $ b.Determine the inventory on September 30 
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Corporate Finance, European Edition
Authors: Peter Moles, Robert Parrino, David S. Kidwell
1st Edition
0470683708, 9780470683705
