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Grays Company has inventory of 13 units at a cost of $8 each on August 1. On August 3, it purchased 23 units at $11
Grays Company has inventory of 13 units at a cost of $8 each on August 1. On August 3, it purchased 23 units at $11 each. 15 units are sold on August 6. Using the FIFO perpetual inventory method, what...
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