beginning inventory, purchases, and sales data for dvd players are as follows: november 1 inventory...
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Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 67 units at $51 10 Sale 52 units 15 Purchase 83 units at $54 20 Sale 48 units 24 Sale 12 units 30 Purchase 29 units at $57 The business maintains a perpetual inventory system, costing by the last-in, first-out method. Determine the cost of goods sold sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 4
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