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Culver Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 4 sets at $ 660 each. On January

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Culver Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 4 sets at $ 660 each. On January 10, Culver purchased 7 units at $ 725 each. The company sold 3 units on January 8 and 4 units on January 15. (a) Your answer is incorrect. Compute the ending inventory under FIFO. FIFO The ending inventory

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