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Determine the cost of merchandise sold for the transaction on October 25 using the perpetual inventory system and the FIFO method. Date Item Units
Determine the cost of merchandise sold for the transaction on October 25 using the perpetual inventory system and the FIFO method. Date Item Units Cost Total Oct. 1 Inventory 5 $10 $50 4 Purchase 8 12 96 8 Sale 6 20 Purchase 14 14 196 25 Sale 11 Oa. $196 Ob. $62 Oc $140 Od. $202
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Accounting
Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,
Volume 1, 2nd canadian Edition
176509739, 978-0176509736, 978-0176509743
