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Firm A uses a perpetual inventory system. On 4 March the company sold 4...

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Accounting

Firm A uses a perpetual inventory system.

On 4 March the company sold 4 units of product X on account for 80/Unit. The product materials had been purchased for 40/unit + needed 5/unit worth of labour to produce the finished good.

Please journalise the sale on 4 January.

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