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Big Books, Inc. sells textbooks to students and uses the perpetual UFO method to account for its merchandise inventory. Journalize the following transactions in the
Big Books, Inc. sells textbooks to students and uses the perpetual UFO method to account for its merchandise inventory. Journalize the following transactions in the General Journal provided. Complete the provided inventory schedule. Calculate the ending values for: Merchandise Inventory and Cost of Goods Sold (Complete the t-accounts below.)
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