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for ayman stores that applies Perpetual system: assume that Net sales=160000$, cost of goods available for sales =170000$ ending inventory per FIFO=70000$ ending inventory according

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for ayman stores that applies Perpetual system: assume that Net sales=160000$, cost of goods available for sales =170000$ ending inventory per FIFO=70000$ ending inventory according to WA method=60000 the gross margin when applying FIFO will be:- 60000 100000 90000 70000

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