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Beginning inventory, purchases, and sales for Item CSW15 are as follows: August 1 Inventory 105 16 9 Sale 93 16 Purchase 128 27 25 Sale
Beginning inventory, purchases, and sales for Item CSW15 are as follows:
August 1 Inventory 105 16
9 Sale 93
16 Purchase 128 27
25 Sale 81
Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine the Cost of Merchandise Sold in August.
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