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I have doubts solving this problem Beginning inventory purchases, and sales for an inventory Item are as follows: Sept. 1 Beginning Inventory 32 units $24

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Beginning inventory purchases, and sales for an inventory Item are as follows: Sept. 1 Beginning Inventory 32 units $24 5 Sale 19 units 17 Purchase 35 units $27 30 Sale 34 units Assuming a perpetual Inventory system and the first-in, first-out method, determine (a) the cost of the merchandise sold for the September 30 sale and (b) the inventory on Se a. Cost of merchandise sold b. Inventory, September 30

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