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Montana Cycles started July with 26 bicycles that cost $34 each. July 16, Montana Cycles bought 38 bicycles at $51 each. July 31, Montana Cycles
Montana Cycles started July with 26 bicycles that cost $34 each. July 16, Montana Cycles bought 38 bicycles at $51 each. July 31, Montana Cycles sold 38 bicycles for $98 each. Prepare Montana Cycles perpetual inventory record assuming the company uses the average inventory method.
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