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Why is the inventory quantity 16 for November 20th? The business maintains a perpetual inventory system, costing by the first-in, first-out method. a. Determine the

Why is the inventory quantity 16 for November 20th? image text in transcribed
The business maintains a perpetual inventory system, costing by the first-in, first-out method. a. Determine the cost of goods sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibi are in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Goods Sold Unit cost column and in the Inver

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