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Determine the cost of goods sold for the transaction on October 25 using the perpetual inventory system and the FIFO method. Date October 4 October
Determine the cost of goods sold for the transaction on October 25 using the perpetual inventory system and the FIFO method. Date October 4 October 8 October 20 October 25 a. $117 b. $110 c. $92 d. $135 Item Beginning inventory Purchase Sale Purchase Sale Units Cost $7 8 8 5 15 13 9 Total $28 64 135
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Core Concepts Of Accounting
Authors: Robert N. Anthony, Leslie Pearlman Breitner
8th Edition
0130406716, 9780130406712
