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need help with this question, please give detailed workings if possible. thanks in advance! Monty Limited uses a perpetual inventory system. The inventory records show

need help with this question, please give detailed workings if possible. thanks in advance!

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Monty Limited uses a perpetual inventory system. The inventory records show the following data for its first month of operations: Date Aug. Unit Cost $73 96 2 Total Cost $17,520 48,576 Balance in Units 240 3 Explanation Purchases Purchases Sales Purchases Sales Units 240 506 (299) 871 (335) 10 746 447 1,318 983 15 115 100,165 25 (a) Calculate the cost of goods sold and ending inventory using the FIFO cost method. Cost of goods sold $ Ending inventory $ Tartbaa Media

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