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Right Now Electronic Center began July with 90 units of merchandise inventory that cost $70 each During July the store made the following purchases Right
Right Now Electronic Center began July with 90 units of merchandise inventory that cost $70 each During July the store made the following purchases Right Now uses the periodic inventory system and the physical court at July 31 indicates that 110 units of merchandise inventory are on hand Read the requirements Requirement 1. Determine the ending merchandise inventory and cost of goods sold amounts for the July financial statements using the FIFO, LIFO and weighted average
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