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Beginning inventory, purchases, and sales for Item MMM8 are as follows: November 1 Inventory 103 15 9 Sale 91 16 Purchase 125 0 25
Beginning inventory, purchases, and sales for Item MMM8 are as follows: November 1 Inventory 103 15 9 Sale 91 16 Purchase 125 0 25 Sale 76 Assuming a perpetual inventory system and using the Last-in, first-out (FIFO) method, determine the inventory value on November 30.
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