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Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 64 units at $94 10 Sale 44 units 15 Purchase
Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 64 units at $94 10 Sale 44 units 15 Purchase 26 units at $99 20 Sale 24 units 24 Sale 11 units 28 units at $104 30 Purchase The business maintains a perpetual inventory system, costing by the first-in, first-out method. a. Determine the cost of the goods sold for each sale and the inventory balance after each sale, presentin inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Goods Sold Ur Cost of the Goods Sold Schedul First-in, First-out Method DVD Players
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