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Perpetual Inventory System Using FIFO

A company purchased and sold the following items for the year ended December $31$:

Jan. $1$

Inventory

$4,100$ units at $$41$

Apr. $19$

Sale

$2,700$ units

June $30$

Purchase

$4,500$ units at $$44$

Sept. $2$

Sale

$4,900$ units

Nov. $15$

Purchase

$2,200$ units at $$48$