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Problem 2: Perpetual Method. Use the perpetual inventory schedule template. Complete the schedule. What is the value of ending inventory? What is the amount of

Problem 2: Perpetual Method. Use the perpetual inventory schedule template. Complete the schedule. What is the value of ending inventory? What is the amount of total purchases? What is cost of goods sold? Complete an income statement showing revenuc, cogs and gross profit and net income. Revenue is $6250 and expenses are $1250

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