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Mar 11 Purchase Beginning inventory, purchases, and sales data for hammers are as follows: Mar 3 Beginning Inventory 12 units @ $25/u 13 units @

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Mar 11 Purchase Beginning inventory, purchases, and sales data for hammers are as follows: Mar 3 Beginning Inventory 12 units @ $25/u 13 units @ $27/u Mar 14 Sale 18 units Purchase 9 units @ $30/u Sale 10 units Mar 21 Mar 25 Assuming the business maintains the perpetual inventory system, calculate the cost of merchandise sold and ending inventory under the following cost flow assumptions: First In, First Out Ending Inventory: Cost of Merchandise Sold Lost In, First Out Ending Inventory Cost of Merchandise Sold

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