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Determine the cost of goods sold for the transaction on September 2 5 using the perpetual inventory system and the FIFO method. Date Item Units

Determine the cost of goods sold for the transaction on September 25 using the perpetual inventory system and the FIFO method.
Date Item Units Cost Total
Beginning inventory 4 $9 $36
September 4 Purchase 81080
September 8 Sale 5
September 20 Purchase 1311143
September 25 Sale 11

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