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Brief Exercise 6-6 (Part Level Submission) Novak Limited uses a perpetual inventory system. The inventory records show the following data for its first month of
Brief Exercise 6-6 (Part Level Submission) Novak Limited uses a perpetual inventory system. The inventory records show the following data for its first month of operations: Date Explanation Units Unit Cost Total Cost Balance in Units Aug. 2 Purchases 257 $68 $17,476 257 3 Purchases 510 100 51,000 767 10 Sales (310) 457 15 Purchases 888 122 108,336 1,345 25 Sales (337) 1,008 (a) x Your answer is incorrect. Try again. Calculate the cost of goods sold and ending inventory using the FIFO cost method. Cost of goods sold 177459 Ending inventory 0 LINK TO TEXT Attempts: 11 of 15 used
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