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Beginning inventory, purchases, and sales for item Zeta9 are as follows: assuming a perpetual inventory system and using the FIFO method, determine the cost of
Beginning inventory, purchases, and sales for item Zeta9 are as follows: assuming a perpetual inventory system and using the FIFO method, determine the cost of the goods sold on October 24 and the inventory value on October 31.
Oct. 1Inventory45 units @ $197Sale32 units15Purchase32 units @ $2124Sale22 unitsStep by Step Solution
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