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During July, the following purchases and sales were made by Concord Company. There was no beginning inventory. Concord Company uses a perpetual inventory system. Under

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During July, the following purchases and sales were made by Concord Company. There was no beginning inventory. Concord Company uses a perpetual inventory system. Under the FIFO method, the cost of goods sold for each sale is: $890 $423 $680 $378 $930 $405 $1054$459

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