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The MJM Company uses the perpetual ledger for inventory. Enter the following information in the inventory balance for product U47. Be sure to keep the
The MJM Company uses the perpetual ledger for inventory. Enter the following information in the inventory balance for product U47. Be sure to keep the balance on hand up-to-date. 201X Nov. 5 Purchased 5 units at a cost of $10 each. (Inventory on hand prior to this purchase was zero units.) 6 Sold 1 unit for $16. 7 Sold 2 units for $15.50 each. 10 Purchased 20 additional units at a cost of $10 each
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