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A Company That Uses a Perpetual Inventory System Made the Following

Question 132

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A company that uses a perpetual inventory system made the following cash purchases and sales.There was no beginning inventory.
A company that uses a perpetual inventory system made the following cash purchases and sales.There was no beginning inventory. Prepare general journal entries to record the March 16 sale using the FIFO inventory valuation method. Prepare general journal entries to record the March 16 sale using the FIFO inventory valuation method.

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