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During January, a company that uses a perpetual inventory system had beginning inventory, purchases, and sales as follows: Cost per unit 12 Begin Inventory Sale

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During January, a company that uses a perpetual inventory system had beginning inventory, purchases, and sales as follows: Cost per unit 12 Begin Inventory Sale Purchase Sale Sale Jan 5 10 15 25 Units 100 50 70 25 35 16 Prepare a schedule to show the cost of goods sold and ending inventory using the FIFO cost flow assumption

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