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Enabled: Exam #1(i) TB MC Qu.3-64(Static) Middleton Company uses the perpetual inventory... ...

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Accounting

Enabled: Exam #1(i)
TB MC Qu.3-64(Static) Middleton Company uses the perpetual inventory...
Eniddleton Company uses the perpetual inventory method. The company purchased an item of inventory for $130 and sold the item to a customer for $200. What effect will the sale have on the company's inventory account?
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