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Perpetual inventory record Msica y Ms had an inventory of guitars and other musical instruments. Using the average inventory method and the perpetual inventory system,

Perpetual inventory record Música y Más had an inventory of guitars and other musical instruments. Using the average inventory method and the perpetual inventory system, the company recorded beginning inventory, purchases, and sales. Determine the cost per unit and the cost of merchandise sold.
DateDetailQuantity (unit cost)
May 1Initial inventory8$82
6Sale3
8Purchase2083
13Sale4
30Sale6


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