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Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item PK 9 5 are as follows: table [ [ July 1 , Inventory,

Perpetual Inventory Using LIFO
Beginning inventory, purchases, and sales for Item PK95 are as follows:
\table[[July 1,Inventory,110 units @ $35],[5,Sale,88 units],[11,Purchase,122 units @ $39],[21,Sale,102 units]]
a. Cost of merchandise sold on July 21
b. Inventory on July 31
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