FIFO Perpetual Inventory The beginning inventory of merchandise at Rhodes Co, and data on purchases...
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FIFO Perpetual Inventory The beginning inventory of merchandise at Rhodes Co, and data on purchases and sales for a three-month period ending June 30 are as foliows: Required: 1. Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record similar to the one illustrated in Exhibit 3 , using the first-i at two different costs, enter the units with the LOWER unit cost first in the Cost of Merchandise Sold Unit Cost column and in the Inventory Unit Cost column. 4. Determice the minging inwitery cest at of Jure 30 4. Determice the ending verertacy inst as of Jure 30
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