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Beginning inventory, purchases, and sales for Item CSW 1 5 are as follows: August 1 Inventory 1 0 3 1 6 9 Sale 9 0
Beginning inventory, purchases, and sales for Item CSW are as follows:
August Inventory Sale Purchase Sale
Assuming a perpetual inventory system and using the firstin firstout FIFO method, determine the Cost of Merchandise Sold in August.
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