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Suppose that Sunland has the following inventory data: The company uses a periodic inventory system. A physical count of merchandise inventory on November 30 reveals

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Suppose that Sunland has the following inventory data: The company uses a periodic inventory system. A physical count of merchandise inventory on November 30 reveals that there are 120 units on hand. Cost of goods sold under FIFO is $1915.$1026$2199.$996

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