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Beginning inventory, purchases, and sales for Item MMM8 are as follows: November 1 Inventory 100 16 9 Sale 96 16 Purchase 127 21 25 Sale
Beginning inventory, purchases, and sales for Item MMM8 are as follows:
November 1 Inventory 100 16 9 Sale 96 16 Purchase 127 21 25 Sale 76
Assuming a perpetual inventory system and using the Last-in, first-out (FIFO) method, determine the Cost of Goods Sold in November.
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