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A Company Made the Following Merchandise Purchases and Sales During

Question 80

Essay

A company made the following merchandise purchases and sales during the month of July:
There was no beginning inventory. If the company uses the first-in, first-out method and the perpetual system, what would be the cost of the ending inventory?
A company made the following merchandise purchases and sales during the month of July: There was no beginning inventory. If the company uses the first-in, first-out method and the perpetual system, what would be the cost of the ending inventory?

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