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Perpetual inventory using FIFO Beginning inventory, purchases, and sales data for prepaid cell phones for December are as follows: Inventory Dec. 1 3 1 0

Perpetual inventory using FIFO
Beginning inventory, purchases, and sales data for prepaid cell phones for December are as follows:
Inventory
Dec. 1310 units at $88
Purchases
Dec. 10144 units at $90
20240 units at $96
Sales
Dec. 12240 units
14166 units
31200 units
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