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The following information relates to Oriole Ltd.'s inventory transactions during the month of July. All of the units sold were priced at $20 per unit.
The following information relates to Oriole Ltd.'s inventory transactions during the month of July. All of the units sold were priced at $20 per unit. (a1) Oriole Ltd. uses the perpetual inventory system. Calculate Oriole' cost of goods sold, gross margin, and ending inventory for the month of July using FIFO. Cost of goods sold $ Gross margin \$ Ending inventory $
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