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Beginning inventory, purchases, and sales for Item CSW15 are as follows: August 1 Inventory 101...

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Accounting

Beginning inventory, purchases, and sales for Item CSW15 are as follows:

August 1 Inventory 101 15

9 Sale 92

16 Purchase 133 25

25 Sale 75

Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine the inventory value on August 31.

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