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eBook Show Me How Video Perpetual Inventory System Using FIFO A company purchased and...

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Accounting

eBook
Show Me How Video
Perpetual Inventory System Using FIFO
A company purchased and sold the following items for the year ended December 31:
Jan. 1
Inventory
4,100 units at $41
Apr. 19
Sale
2,700 units
June 30
Purchase
4,500 units at $44
Sept. 2
Sale
4,900 units
Nov. 15
Purchase
2,200 units at $48
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