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Beginning Inventory, purchases, and sales for Item ACC222-90 are as follows: Assuming a perpetual inventory system: a) Calculate the cost of merchandise sold for April

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Beginning Inventory, purchases, and sales for Item ACC222-90 are as follows: Assuming a perpetual inventory system: a) Calculate the cost of merchandise sold for April using the first-in, first-out (FIFO) method. b) Calculate the cost of ending inventory on April 30 using the first-in, first-out (FIFO) method. (Show workings)

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