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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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