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During July, the following purchases and sales were made by Waterway Company. There was no beginning inventory. Waterway Company uses a perpetual inventory system. Purchases
During July, the following purchases and sales were made by Waterway Company. There was no beginning inventory. Waterway Company uses a perpetual inventory system.
Purchases
Sales
July units @ $ July units
units @ $ units
units @ $
Under the FIFO method, the cost of goods sold for each sale is:
July July
$$
$$
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