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Middleton Company uses the perpetual inventory method. The company purchased an item of inventory for $105 and sold the item to a customer for $180.

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Middleton Company uses the perpetual inventory method. The company purchased an item of inventory for $105 and sold the item to a customer for $180. What effect will the sale have on the company's inventory account? Muitiple Cholce The inventory account will decrease by 5180 . The inventory account will decrease by $105 The incentory account will decrease by 575 . There is no etfect on the inventory occount

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