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Suppose that on September 21, 2018, both Company A and Company B sold inventory with a cost of $33,500. The updated balance of inventory as
Suppose that on September 21, 2018, both Company A and Company B sold inventory with a cost of $33,500. The updated balance of inventory as at September 1 for both companies was $107,300. Company A uses the perpetual inventory system. Company B uses the periodic inventory system and performs an inventory count at the end of each month. What is the value of inventory as at September 21 for each company? Do not enter dollar signs or commas in the input boxes. Company Inventory System Value of Inventory on September 21 A Perpetual $Answer B Periodic $
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