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(Solved): Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item B901 are as follo ...
Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item B901 are as follows: Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of merchandise sold on July 25 and (b) the inventory on July 31 .