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Beginning inventory, purchases, and sales for an imentory item are as follows: Sep. 1...

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Accounting

Beginning inventory, purchases, and sales for an imentory item are as follows:
Sep. 1 Beginning inventory 23 units @$11
5 Sale
13 units
17 Purchase
24 urits $12
30 Sale
24 units
Assuming a perpetual inventory system and the first-in, first-out method:
a. Determine the cost of goods sold for the september 30 sale.
b. Determine the inventory on September 30.
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