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The beginning inventory at Midnight Supplies and data on purchases and sales for a three - month period ending March 3 1 , are as
The beginning inventory at Midnight Supplies and data on purchases and sales for a threemonth period ending March are as follows:
Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record similar to the one illustrated in Exhibit using the weighted average cost method. Round unit
cost to two decimal places, if necessary.
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