Beoinning inventory, purchases, and sales for an inventory item are as follows: Assuming a perpetual...
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Accounting
Beoinning inventory, purchases, and sales for an inventory item are as follows: Assuming a perpetual inventory system and the last-in, first-out method, dotermine (a) the cost of the merchandise sold for the September a0 sale and (b) the inventory on September 30 . a. Cost of merchandise sold b. Inventory, September 30
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