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Perpetual inventory using FIFO
Beginning inventory, purchases, and sales data for DVD players are as follow
Nov. 1 Inventory 140 units at $29
10 Sale
110 units
15 Purchase
150 units at $30
20 Sale 120 units
24 Sale ,35 units
30 Purchase ,140 units at $34
The business maintains a perpetual inventory system, costing by the first-i
a. Determine the cost of goods sold for each sale and the inventory balan are in inventory at two different costs, enter the units with the LOWER uni
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