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Beginning inventory. purchases, and sales for Item MMMB are as follows: November 1 Inventory 102 16 9 Sale 89 16 Purchase 128 0 25
Beginning inventory. purchases, and sales for Item MMMB are as follows: November 1 Inventory 102 16 9 Sale 89 16 Purchase 128 0 25 Sale 83 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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