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Exercise 8-14 Bridgeport Corporation sells one product, with information for July as follows: July 1 Inventory 100 units at $15.00 each 4 Sale 11
Exercise 8-14 Bridgeport Corporation sells one product, with information for July as follows: July 1 Inventory 100 units at $15.00 each 4 Sale 11 Purchase 13 Sale 20 Purchase 27 Sale 80 units at $18.00 each 150 units at $16.10 each 120 units at $18.70 each 160 units at $16.70 each 100 units at $19.80 each Bridgeport uses the FIFO cost formula. All purchases and sales are on account. Ignore any estimated returns on purchases and sales.
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