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Use the perceptual inventory system calculate the costs of goods sold, gross margin and ending inventory for the month of February using FIFO The following

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Use the perceptual inventory system

calculate the costs of goods sold, gross margin and ending inventory for the month of February using FIFO

The following information relates to Swifty Back Falls Ltd.'s inventory transactions during the month of February. All of the units sold were priced at $87.00 per unit

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