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Business, 23.04.2020 18:02 cookiemonster0476

Beginning inventory, purchases, and sales for an inventory item are as follows:

Sept. 1 Beginning Inventory 29 units $11
5 Sale 17 units
17 Purchase 32 units $14
30 Sale 31 units

Assuming a perpetual inventory system and the first-in, first-out method, determine
(a) the cost of the merchandise sold for the September 30 sale and
(b) the inventory on September 30.

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Beginning inventory, purchases, and sales for an inventory item are as follows:

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