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The beginning inventory of C109 at Red Eye Co. and data on purchases and sales for 3 month period are as follows: Record the inventory,
The beginning inventory of C109 at Red Eye Co. and data on purchases and sales for 3 month period are as follows: Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record similar to the one illustrated in the exhibit 2 of chapter 8 using FIFO and LIFO method and complete the following table
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