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Middleton Company uses the perpetual inventory method. The company purchased an item of inventory for $135 and sold the tem to a customer for $240.

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Middleton Company uses the perpetual inventory method. The company purchased an item of inventory for $135 and sold the tem to a customer for $240. What effect will the sale have on the company's inventory account? Multiple Choice The account will decrease by $240. The account will decrease by $135 No effect. The account will decrease by $105

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