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Hamoody Shoes clothing operates a perpetual inventory system. On 6 July Hamoody sold 20 pairs of shoes for $ 100 each. These had cost $

Hamoody Shoes clothing operates a perpetual inventory system. On 6 July Hamoody sold 20 pairs of shoes for $ 100 each. These had cost $ 62 each. What will be the impact on the inventory account?

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