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Business, 25.03.2021 19:50 shay5878

The following are the transactions for the month of July. Units Unit Cost Unit Selling Price
July 1 Beginning Inventory 41 $10
July 13 Purchase 205 12
July 25 Sold (100 ) $16
July 31 Ending Inventory 146

Required:
Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross profit, under FIFO. Assume a periodic inventory system is used.

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The following are the transactions for the month of July. Units Unit Cost Unit Selling Price
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