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Q7 Beginning inventory, purchases, and sales for Item CSW15 are as follows: August 1 Inventory 107 16 9 Sale 97 16 Purchase 129 24 25

Beginning inventory, purchases, and sales for Item CSW15 are as follows:

August	1	Inventory	107	16
	9	Sale	97
	16	Purchase	129	24
	25	Sale	81

Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine the Cost of Merchandise Sold in August.

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