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Determine the Cost of Merchandise Sold in August

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Reference no: EM133087496

Question - Beginning inventory, purchases, and sales for Item CSW15 are as follows:

August 1 Inventory 109 15 9 Sale 96

August 16 Purchase 126 22 25 Sale 82

Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine the Cost of Merchandise Sold in August?

Reference no: EM133087496

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